爱考云 - 搜题找答案神器_海量试题解析在线查

题目 Which of the following corporate debt instruments has the highest seniority ranking? 选项 A.Second lien B.Senior unsecured C.Senior subordinated 答案 A 解析 ： A is correct. Second lien [...]

题目 In the event of default, the recovery rate of which of the following bonds would most likely be the highest? 选项 A.First mortgage debt B.Senior unsecured debt C.Junior subordinate debt [...]

题目 The risk that a bond’s creditworthiness declines is best described by: 选项 A.credit migration risk. B.market liquidity risk. C.spread widening risk. 答案 A 解析 ： A is correct. [...]

题目 When determining the capacity of a borrower to service debt, a credit analyst should begin with an examination of: 选项 A.industry structure. B.industry fundamentals. C.company fundamentals. [...]

题目 Based on the information in Exhibit 2, GZ Group’s (a hypothetical company) credit risk is most likely:「huixue_img/importSubject/1564548168417415168.png」 选项 A.lower than the industry. [...]

题目 A limitation of calculating a bond portfolio’s duration as the weighted average of the yield durations of the individual bonds that compose the portfolio is that it: 选项 A.assumes a [...]

题目 A bond portfolio consists of the following three fixed-rate bonds. Assume annual coupon payments and no accrued interest on the bonds. Prices are per 100 of par [...]

题目 Assuming no change in the credit risk of a bond, the presence of an embedded put option: 选项 A.reduces the effective duration of the bond. B.increases the effective duration of the bond. [...]

题目 Credit risk is an important consideration for commercial mortgage-backed securities (CMBS) if the CMBS are backed by mortgage loans that: 选项 A.are non-recourse. B.have call protection. [...]

题目 Which of the following characteristics of a residential mortgage loan would best protect the lender from a strategic default by the borrower? 选项 A.Recourse B.A prepayment option [...]