爱考云 - 搜题找答案神器_海量试题解析在线查

题目 The process of moving credit ratings of different issues up or down from the issuer rating in response to different payment priorities is best described as: 选项 A.notching. B.structural [...]

题目 Which of the following statements about duration is correct? A bond’s: 选项 A.effective duration is a measure of yield duration. B.modified duration is a measure of curve duration. [...]

题目 In the event of default, which of the following is most likely to have the highest recovery rate? 选项 A.Second lien B.Senior unsecured C.Senior subordinated 答案 A 解析 ： A is [...]

题目 Which of the following statements relating to yield volatility is most accurate? If the term structure of yield volatility is downward sloping, then: 选项 A.short-term rates are higher than [...]

题目 Which of the following statements about Macaulay duration is correct? 选项 A.A bond’s coupon rate and Macaulay duration are positively related. B.A bond’s Macaulay duration is inversely [...]

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 The following information is from the annual report of Adidas AG for December 2010: Depreciation and amortization: €249 million Total assets: €10,618 million Total debt: €1,613 million [...]

题目 Holding all other factors constant, the most likely effect of low demand and heavy new issue supply on bond yield spreads is that yield spreads will: 选项 A.widen. B.tighten. C.not be [...]

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. [...]