题目 An increase in which of the following factors will increase the duration of a fixed-rate coupon bond? 选项 A.Yield-to-maturity B.Maturity C.Coupon value D.Coupon frequency 答案 B 解析 [...]
题目 Which of the following is TRUE about a Guaranteed Corporate Bond? 选项 A.Guaranteed bonds are free of default risk B.The safety of a guaranteed bond depends on the financial capability of [...]
题目 On a single day the price of a corporate bond with a modified duration of 4.52 years drops from $87.20 to $85.65. If the benchmark yield increases by 10 basis points during the day, which is [...]
题目 Which one of the following statements is most correct? 选项 A.Hedgers and arbitrageurs have a productive role in markets but speculators intensify systematic risk and do not have a [...]
题目 The option-adjusted duration of a convertible bond will be close to the duration of a straight bond, which is similar in all other respects, when the: 选项 A.Stock price is extremely low. [...]
题目 Assume a bond's quoted price is 105.22 and the accrued interest is $3.54. The bond has a par value of $100. What is the bond's clean price? 选项 A.$100.00. B.$103.54. C.$105.22. D.$108.76. [...]
题目 A 1-year 7.25% coupon bond is trading at a price of 98, a 2-year 6.1% coupon bond is trading at 99, and a 3-year 7.55% coupon bond is trading at 101. All coupons and rates are given using the [...]
题目 A bank quotes an interest rate of 7.0% per annum with quarterly compounding. What is the equivalent rate with, respectively, continuous compounding and annual compounding? 选项 A.6.739% [...]
题目 A portfolio manager has recently purchased a 10-year investment-grade corporate bond. Which of the following tasks must typically be performed by the corporate trustee listed in the bond’s [...]
题目 A trader buys one wheat contract (underlying = 5,000 bushels) at a price of $3.05 per bushel. The initial margin on the contract is $4,500 and the maintenance margin is $3,750. At what price [...]
