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 accounting issues should mostly likely be considered a character warning flag in credit analysis? 选项 A.Expensing items immediately B.Changing auditors infrequently [...]

题目 An investor buys a 6% annual payment bond with three years to maturity. The bond has a yield-to-maturity of 8% and is currently priced at 94.845806 per 100 of par. The bond’s Macaulay [...]

题目 The factor considered by rating agencies when a corporation has debt at both its parent holding company and operating subsidiaries is best referred to as: 选项 A.credit migration risk. [...]

题目 The notching adjustment for corporate bonds rated Aa2/AA is most likely: 选项 A.larger than the notching adjustment for corporate bonds rated B2\/B. B.the same as the notching adjustment for [...]

题目 Stedsmart Ltd and Fignermo Ltd are alike with respect to financial and operating characteristics, except that Stedsmart Ltd has less publicly traded debt outstanding than Fignermo Ltd. [...]

题目 A bond has an annual modified duration of 7.020 and annual convexity of 65.180. If the bond’s yield-to-maturity decreases by 25 basis points, the expected percentage price change is closest [...]

题目 The holding period for a bond at which the coupon reinvestment risk offsets the market price risk is best approximated by: 选项 A.duration gap. B.modified duration. C.Macaulay duration. [...]

题目 An issuer credit rating usually applies to a company’s: 选项 A.secured debt. B.subordinated debt. C.senior unsecured debt. 答案 C 解析 ： C is correct. An issuer credit rating usually [...]

题目 Empirical duration is likely the best measure of the impact of yield changes on portfolio value, especially under stressed market conditions, for a portfolio consisting of: 选项 A.100% [...]

题目 Which of the following sources of return is most likely exposed to interest rate risk for an investor of a fixed-rate bond who holds the bond until maturity? 选项 A.Capital gain or loss [...]