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题目 For the issuer, a sinking fund arrangement is most similar to a: 选项 A.term maturity structure. B.serial maturity structure. C.bondholder put provision. 答案 B 解析 ： B is correct. [...]

题目 With respect to floating-rate bonds, a reference rate (such as MRR) is most likely used to determine the bond’s: 选项 A.spread. B.coupon rate. C.frequency of coupon payments. 答案 B [...]

题目 Which of the following is a type of external credit enhancement? 选项 A.Covenants B.A surety bond C.Overcollaterization 答案 B 解析 ： B is correct. A surety bond is an external credit [...]

题目 Which of the following provisions is a benefit to the issuer? 选项 A.Put provision B.Call provision C.Conversion provision 答案 B 解析 ： B is correct. A call provision (callable bond) [...]

题目 Suppose a bond's price is expected to increase by 5% if its market discount rate decreases by 100 basis points. If the bond’s market discount rate increases by 100 basis points, the bond [...]

题目 The rate, interpreted to be the incremental return for extending the time-to-maturity of an investment for an additional time period, is the: 选项 A.add-on rate. B.forward rate. [...]

题目 Which of the following best describes a negative bond covenant? The issuer is: 选项 A.required to pay taxes as they come due. B.prohibited from investing in risky projects. C.required to [...]

题目 Investors seeking some general protection against a poor economy are most likely to select a: 选项 A.deferred coupon bond. B.credit-linked coupon bond. C.payment-in-kind coupon bond. 答案 [...]

题目 When classified by type of issuer, asset-backed securities are part of the: 选项 A.corporate sector. B.structured finance sector. C.government and government-related sector. 答案 B 解析 [...]

题目 Which of the following statements describing a par curve is incorrect? 选项 A.A par curve is obtained from a spot curve. B.All bonds on a par curve are assumed to have different credit risk. [...]