题目 Which of the following risks facing a central counterparty (CCP) is most likely to be introduced during a market crisis? 选项 A.Default risk. B.Liquidity risk. C.Operational risk. [...]
题目 Regarding an exchange trading system, which of the following statements is an advantage? On an exchange system: 选项 A.Terms are not specified. B.Trades are made in such a way as to reduce [...]
题目 If French money market instrument pays in Euros with an interest rate of 5.0% per annum with (discrete) annual compounding and under an actual/360-day count (ACT/360) convention, what is the [...]
题目 The Treasury bond futures contract allows the party with the short position to choose to deliver any bond that has a maturity between 15 and 25 years. Assume a certain bond that is valid for [...]
题目 The interest rate for a 1-year period is 5% and the rate for a 2-year period is 6%. Assuming continuous compounding, what is the forward rate for the period from the end of the first year to [...]
题目 Each of the following statements about futures and/or forwards is true EXCEPT which is false? 选项 A.Margin requirements are the same on short futures positions as they are on long futures [...]
题目 Which of the following is TRUE of a corporate debenture bond? 选项 A.Debentures are unsecured bonds; i.e., they are not secured by a specific pledge of designated property B.Debenture [...]
题目 Which of the following is most likely to cause an increase (i.e., widening) in a corporate bond credit spread? 选项 A.Economic expansion in the business cycle B.Increase in the bond’s [...]
题目 A bond portfolio has the following compositions: Portfolio A: price $90,000, modified duration 2.5, long position in 8 bonds; Portfolio B: price $110,000, modified duration 3, short position [...]
