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 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 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 [...]
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 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. [...]