题目 In the context of bonds, accrued interest: 选项 A.covers the part of the next coupon payment not earned by seller. B.equals interest earned from the previous coupon to the sale date. [...]
题目 The continuously compounded 10-year spot rate is 5% and the 9-year spot rate is 4.8%. The 1-year forward rate nine years from now is closest to: 选项 A.4.1% B.5.1% C.5.9% D.6.8% 答案 D [...]
题目 Which of the following statements least likely describe a problem with bilaterally cleared over-the-counter (OTC) derivatives trades? 选项 A.The defaults of individual counterparties could [...]
题目 The price of a 72-day Treasury bill is quoted as 7.00. Which is nearest to the continuously compounded return (on an actual/365 basis) that an investor will earn on the Treasury bill for the [...]
题目 The per annum discount rate of a 180-day T-bill with a cash price of 98 is closest to: 选项 A.1% B.2% C.3% D.4% 答案 D 解析 The discount rate, orquoted price, is calculated as: (360/n) [...]
题目 As a zero-coupon bond approaches its maturity date (i.e., as the term to maturity decreases). EACH of the following is necessarily true EXCEPT: 选项 A.The price increases B.The price [...]
题目 Consider the following, a 7-year zero-coupon bond carries an annual yield of 6.75% and a 6-year zero coupon bond carries an annual yield of 5.87%. Calculate the 1 year forward rate 6 years [...]
题目 A $1,000 par bond carries a coupon rate of 10%, pays coupons semiannually, and has 13 years remaining to maturity. Market rates are currently 9.25%. The price of the bond is closest to: 选项 [...]
题目 Assume the following continuously compounded zero rates: 1.0% at 0.5 years; 1.6% at 1.0 year; 1.9% at 1.5 years; and 2.5% at 2.0 years. What is the theoretical price of a bond with a $100 [...]
