题目 An annuity pays $10 every year for 100 years and currently costs $100. The YTM is closest to: 选项 A.5% B.7% C.9% D.10% 答案 D 解析 YTM=C/PV=10/100=10% [...]
题目 A bank uses a continuously-compounded annual interest rate of 5% in one of its risk models. What is the equivalent interest rate the bank should use if it converts to semi-annual compounding [...]
题目 A $1,000 par U.S. corporate bond settles on February 3rd, 2011 and pays an 8.0% semi-annual coupon on January and July 1st. The yield on the bond is 5.0% and the bond matures on January 1st, [...]
题目 Which of the following statements regarding the trustee named in a corporate bond indenture is correct? 选项 A.The trustee has the authority to declare a default if the issuer misses a [...]
题目 Which OTC derivatives class has the LARGEST amount of gross notional outstanding? 选项 A.Equity derivatives B.Credit default swaps C.Interest rate derivatives D.Foreign exchange derivatives [...]
题目 Each of the following is true about the corporate trustee in a corporate bond issuance EXCEPT: 选项 A.The trustee is paid by bondholders B.The trustee acts in a fiduciary capacity for [...]
题目 The price of a $100 par zero-coupon bond with four (4) years to maturity is $88.00. The price of a $100 par zero-coupon bond with five (5) years to maturity is $82.00. Under continuous [...]
题目 Consider a 7.8% semi-annual coupon bond with a par value of $100 and four remaining coupons, which is trading at a yield of 8.375%. There are 74 days remaining in the current period that has a [...]
题目 An individual that maintains bid and offer prices in a given security and stands ready to buy or sell lots of said security is: 选项 A.a hedger B.an arbitrageur C.a speculator D.a market [...]
题目 The highest price a dealer is willing to pay to purchase a security is the: 选项 A.exercise price. B.offer price. C.strike price. D.bid price. 答案 D 解析 The bid price is the highest [...]
