题目 When issuing debt, a company may use a sinking fund arrangement as a means of reducing: 选项 A.credit risk. B.inflation risk. C.interest rate risk. 答案 A 解析 : A is correct. A [...]
题目 Which of the following type of debt obligation most likely protects bondholders when the assets serving as collateral are non-performing? 选项 A.Covered bonds B.Collateral trust bonds [...]
题目 Contrary to positive bond covenant, negative covenants are most likely: 选项 A.costlier. B.legally enforceable. C.enacted at time of issue. 答案 A 解析 :A is correct. Affirmative [...]
题目 When underwriting new corporate bonds, matrix pricing is used to get an estimate of the: 选项 A.required yield spread over the benchmark rate. B.market discount rate of other comparable [...]
题目 Which of the following best describes a convertible bond’s conversion premium? 选项 A.Bond price minus conversion value B.Par value divided by conversion price C.Current share price [...]
题目 The first stage of financing at which a venture capital fund most likely invests is the: 选项 A.seed stage. B.mezzanine stage. C.angel investing stage. 答案 A 解析 A is correct. The seed [...]
题目 What is the most significant drawback of a repeat sales index to measure returns to real estate? 选项 A.Sample selection bias B.Understatement of volatility C.Reliance on subjective [...]
题目 The following information applies to Rotunda Advisors, a hedge fund: $288 million in assets under management (AUM) as of prior year-end 2% management fee (based on year-end AUM) 20% incentive [...]
题目 Alternative investment funds are typically managed: 选项 A.actively. B.to generate positive beta return. C.assuming that markets are efficient 答案 A 解析 A is correct. There are many [...]
题目 The distribution method by which profits generated by a fund are allocated between LPs and the GP is called: 选项 A.a waterfall. B.an 80\/20 split. C.a fair division. 答案 A 解析 A is [...]