爱考云 - 搜题找答案神器_海量试题解析在线查

题目 The “second-order” effect on a bond’s percentage price change given a change in yield-to-maturity can be best described as: 选项 A.duration. B.convexity. C.yield volatility. 答案 B [...]

题目 Funds from operations (FFO) of Pay Handle Ltd (a fictitious company) increased in 20X1. In 20X1 the total debt of the company remained unchanged, while additional common shares were issued. [...]

题目 The priority of claims for senior subordinated debt is: 选项 A.lower than for senior unsecured debt. B.the same as for senior unsecured debt. C.higher than for senior unsecured debt. 答案 [...]

题目 In contrast to high-yield credit analysis, investment-grade analysis is more likely to rely on: 选项 A.spread risk. B.an assessment of bank credit facilities. C.matching of liquidity sources [...]

题目 In a bankruptcy proceeding, when the absolute priority of claims is enforced: 选项 A.senior subordinated creditors rank above second lien holders. B.preferred equity shareholders rank above [...]

题目 Which of the following statements about credit ratings is most accurate? 选项 A.Credit ratings can migrate over time. B.Changes in bond credit ratings precede changes in bond prices. [...]

题目 An investor purchases an annual coupon bond with a 6% coupon rate and exactly 20 years remaining until maturity at a price equal to par value. The investor’s investment horizon is eight [...]

题目 The interest rate risk of a fixed-rate bond with an embedded call option is best measured by: 选项 A.effective duration. B.modified duration. C.Macaulay duration. 答案 A 解析 ： A is [...]

题目 A fixed income analyst is least likely to conduct an independent analysis of credit risk because credit rating agencies: 选项 A.may at times mis-rate issues. B.often lag the market in [...]

题目 Credit risk of a corporate bond is best described as the: 选项 A.A risk that an issuer’s creditworthiness deteriorates. B.probability that the issuer fails to make full and timely [...]