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题目 Which one of the choices below would properly transform a floating-rate liability to a fixed-rate liability? 选项 A.Enter into a pay foreign currency swap B.Enter into a pay fixed interest [...]

题目 Which is nearest to the principal component of the first monthly payment on a 30-year fixed rate mortgage (FRM) with an original balance of $140,000 when the interest rate is 3.60%? 选项 [...]

题目 What can be said about the settlement risk of a Eurodollar futures contract and a FRA with the same term? 选项 A.The Eurodollar futures contract and a FRA have the same settlement risk. [...]

题目 Which of the following is TRUE concerning basis risk? In a hedge using futures contracts: 选项 A.basis risk of the hedged security is replaced with price risk. B.price risk of the hedged [...]

题目 Three months ago a company entered in a one-year forward contract to buy 100 ounces of gold. At the time, the one-year forward price was USD 1,000 per ounce. The nine-month forward price of [...]

题目 What assumptions does a duration-based hedging scheme make about the way in which interest rates move? 选项 A.All interest rates change by the same amount. B.A small parallel shift in the [...]

题目 When an investor is obligated to buy the underlying asset in a futures position, which of the following is the position of the investor? 选项 A.basis trade B.long-futures position [...]

题目 Interest rates (bond yields) are currently below 6.0%. Which of the following bonds will the short position in U.S. Treasury bond futures contract be most likely to deliver; i.e., which will [...]

题目 If a commodity is more expensive for immediate delivery than for future delivery, the commodity curve is said to be in: 选项 A.contango B.backwardation C.reversal D.none of the above 答案 [...]

题目 A stock index is valued at USD 800 and pays a continuous dividend at the rate of 3% per year. The 6-month futures contract on that index is trading at USD 758. The continuously compounded risk [...]