[单项选择]The full price of a bond:（）
A. is the price that includes accrued interest.
B. is equivalent to a bond trading "flat. "
C. includes commissions and taxes.

[单项选择]Most often the initial call price of a bond is its:（）
A. principal plus a premium.
B. principal less a discount fee.
C. par value plus one year's interest.

[单项选择]An option-free bond has a market price and par value equal to $1000. For small changes in the yield of this bond, its price will change one dollar for every basis point change in the yield. What is the duration of the bond

[单项选择]A bond portfolio consists of a AAA bond, a AA bond, and an A bond. The prices of the bonds are $1050, $1000, and $950 respectively. The durations are 8,6, and 4 respectively. What is the duration of the portfolio（）
A. 6.07.
B. 6.00.
C. 6.67.

[单项选择]If the issuer of a bond is in default, the bond will be trading:（）
A. registered.
B. on accrual.
C. flat.

[单项选择]Bond A has a yield of 8.75 percent. Bond B, the reference bond, has a yield of 7.45 percent. The risk-free rate of return is 3.50 percent. Assuming both bonds have the same maturity, the relative yield spread is closest to:（）
A. 1.30.
B. 0.17.
C. 1.17.

[单项选择]What are the three basic categories of bond indexes（）
A. Corporate; government; municipal.
B. Investment grade; high yield; global.
C. Manufacturing; service; technological.

[单项选择]According to the passage each production of a Bond film is ______.
A. lavish
B. sparing
C. increasingly expensive to make
D. difficult to finance

[单项选择]Bond realized that he was being followed by means of ______. ( )
A. his common sense
B. his sense of humour
C. his sight
D. his sixth sense

[单项选择]For an A- rated corporate bond that has deteriorating fundamentals, but is expected to remain investment grade, the greatest risk is most likely: （　）
A. Event risk.
B. Default risk.
C. Liquidity risk.
D. Credit spread risk.

[单项选择]"How did James Bond escape from the locked confine "
"Oh, you know he always manages _______ a tight situation."


A. to get out of
B. getting out of
C. to have got him out of
D. in getting out of

[单项选择]A bond issued by the government of Italy is likely to be denominated in which one of the following currencies（）
A. U. S. dollars.
B. Swiss francs.
C. Euros.

[单项选择]What is the semiannual-pay bond equivalent yield on an annual-pay bond with a yield to maturity of 12.51 percent（）
A. 12.00%.
B. 11.49%.
C. 12.14%.

[单项选择]The bond of true affection had pulled us six very different men from six very different countries across Antarctica; we proved in the end that we weren't very different______.


A. for all
B. as usual
C. after all
D. in particular

[单项选择]

Passage Four
Bond had walked for only a few minutes when it suddenly occurred to him that he was being followed. There was no evidence for it except a slight tingling(隐隐作痛) of the scalp(头皮) and an extra awareness of the people near him, but he had faith in his sixth sense and he at once stopped in front of the shop window he was passing and looked casually back along 46th Street. Nothing but a lot of miscellaneous people moving slowly on the sidewalks, mostly on the same side as himself, the side that was sheltered from the sun. There was no sudden movement into a doorway, nobody casually wiping his face with a handkerchief to avoid recognition, nobody bending down to tie a shoelace.
Bond examined the Swiss watches in his shop window and then turned and sauntered on. After a few yards he stopped again. Still nothing. He went on and turned fight into the Avenue of the Americans, stopping in the first doorway, the entrance to a women’s underwear
A. most people on the sidewalk were on the same side as himself
B. no one suddenly turned into a doorway
C. a man was looking into the windows of a store
D. no one wiped his face with a handkerchief