爱考云 - 搜题找答案神器_海量试题解析在线查

题目 The longest-term tranche of a sequential-pay CMO is most likely to have the lowest: 选项 A.average life. B.extension risk. C.contraction risk. 答案 C 解析 ： C is correct. For a CMO [...]

题目 Which type of asset-backed security is not affected by prepayment risk? 选项 A.Auto loan ABSs B.Residential MBSs C.Credit card receivable ABSs 答案 C 解析 ： C is correct. Because [...]

题目 The CDO tranche with a credit rating status between senior and subordinated bond classes is called the: 选项 A.equity tranche. B.residual tranche. C.mezzanine tranche. 答案 C 解析 ： C [...]

题目 Which of the following best describes the cash flow that owners of credit card receivable asset-backed securities receive during the lockout period? 选项 A.No cash flow B.Only principal [...]

题目 A special purpose entity issues asset-backed securities in the following structure.「huixue_img/importSubject/1564548167826018304.png」At which of the following amounts of default in par [...]

题目 The last payment in a partially amortizing residential mortgage loan is best referred to as a: 选项 A.waterfall. B.principal repayment. C.balloon payment. 答案 C 解析 ： C is correct. [...]

题目 Sovereign bonds are best described as: 选项 A.bonds issued by local governments. B.secured obligations of a national government. C.bonds backed by the taxing authority of a national [...]

题目 If interest rates are expected to increase, the coupon payment structure most likely to benefit the issuer is a: 选项 A.step-up coupon. B.inflation-linked coupon. C.cap in a floating-rate [...]

题目 A liquid secondary bond market allows an investor to sell a bond at: 选项 A.the desired price. B.a price at least equal to the purchase price. C.a price close to the bond’s fair market [...]

题目 Which type of call bond option offers the greatest flexibility as to when the issuer can exercise the option? 选项 A.A Bermuda call B.A European call C.An American call 答案 C 解析 ： C [...]