爱考云 - 搜题找答案神器_海量试题解析在线查

题目 Credit spreads are most likely to widen: 选项 A.in a strengthening economy. B.as the credit cycle improves. C.in periods of heavy new issue supply and low borrower demand. 答案 C 解析 [...]

题目 When the investor’s investment horizon is less than the Macaulay duration of the bond she owns: 选项 A.the investor is hedged against interest rate risk. B.reinvestment risk dominates, and [...]

题目 If goodwill makes up a large percentage of a company’s total assets, this most likely indicates that: 选项 A.the company has low free cash flow before dividends. B.there is a low [...]

题目 Which type of security is most likely to have the same rating as the issuer? 选项 A.Preferred stock B.Senior secured bond C.Senior unsecured bond 答案 C 解析 ： C is correct. The issuer [...]

题目 Support tranches are most appropriate for investors who are: 选项 A.concerned about their exposure to extension risk. B.concerned about their exposure to concentration risk. C.willing to [...]

题目 Which of the following is most likely an advantage of collateralized mortgage obligations (CMOs)? CMOs can 选项 A.eliminate prepayment risk. B.be created directly from a pool of mortgage [...]

题目 Securitization benefits financial markets by: 选项 A.increasing the role of intermediaries. B.establishing a barrier between investors and originating borrowers. C.allowing investors to [...]

题目 For a mortgage pass-through security, which of the following risks most likely increases as interest rates decline? 选项 A.Balloon B.Extension C.Contraction 答案 C 解析 ： C is correct. [...]

题目 A benefit of securitization is the: 选项 A.reduction in disintermediation. B.simplification of debt obligations. C.creation of tradable securities with greater liquidity than the original [...]

题目 In credit card receivable ABSs, principal cash flows can be altered only when the: 选项 A.lockout period expires. B.excess spread account is depleted. C.early amortization provision is [...]