更多"[单选题] The process of underwriting a"的相关试题:
[单选题] Under best efforts underwriting, the underwriter
A. pays for the entire security issue.
B. sells the security on a commission basis.
C. spreads the risk among different brokerage houses.
D. makes a special appeal to the Securities and Exchange Commission to delay the issue.
[简答题] A sinking fund is a requirement in the bond indenture that the firm pay off a portion of the bond issue each year.
[单选题] The bond contract that states the lender's rights and privileges and the borrower's obligations is called the
A. bond syndicate.
B. restrictive covenant.
C. bond covenant.
D. bond indenture.
[单选题]You own a bond that pays an annual coupon of 6 percent that matures five years from now. You purchased this 10-year bond at par value when it was originally issued. Which one of the following statements applies to this bond if the relevant market interest rate is now 5.8 percent?
A. The current yield to maturity is greater than 6 percent.
B. The current yield is 6 percent.
C. The next interest payment will be $30.
D. The bond is currently valued at one-half of its issue price.
E. You will realize a capital gain on the bond if you sell it today.
Difficulty: 1 Easy
Topic: Interest rate risk
Learning Objective: 07-02 Explain bond values and yields and why they fluctuate.
[单选题] (I. To sell an old bond when interest rates have risen, the holder will have to discount the bond until the yield to the buyer is the same as the market rate. (II. The risk that the value of a bond will fall when market interest rates rise is called interest-rate risk.
A. (I. is true, (II. false.
B. (I. is false, (II. true.
C. Both are true.
D. Both are false.
[单选题] When an old bond's market value is above its par value, the bond is selling at a ________. This occurs because the old bond's coupon rate is ________ the coupon rates of new bonds with similar risk.
A. premium; below
B. premium; above
C. discount; below
D. discount; above
[单选题]As a bond's time to maturity increases, the bond's sensitivity to interest rate risk:
A. increases at an increasing rate.
B. increases at a decreasing rate.
C. increases at a constant rate.
D. decreases at an increasing rate.
E. decreases at a decreasing rate.
Difficulty: 1 Easy
Topic: Interest rate risk
Learning Objective: 07-02 Explain bond values and yields and why they fluctuate.
[单选题]Bert owns a bond that will pay him $45 each year in interest plus $1,000 as a principal payment at maturity. What is the $1,000 called?
A. Coupon
B. Face value
C. Discount
D. Yield
E. Dirty price
Difficulty: 1 Easy
Topic: Bond features
Learning Objective: 07-01 Define important bond features and types of bonds.
[单选题]电影《007》系列《末日帝国》中Jmes BonD座驾的是
A.宝马 M3
B.宝马 Z3
C.宝马 Z8
D.宝马 7系
[单选题] The bond markets are important because
A. they are easily the most widely followed financial markets in the United States.
B. they are the markets where interest rates are determined.
C. they are the markets where foreign exchange rates are determined.
D. all of the above.
[单选题] A secured bond is backed by
A. the general creditworthiness of the borrower.
B. an insurance company's financial guarantee.
C. the expected future earnings of the borrower.
D. specific collateral.
[单选题] "电影《007》系列《末日帝国》中James BonD座驾的是
A.宝马 M3
B. 宝马 Z3
C. 宝马 Z8
D. 宝马 7系"
[单选题] The ________ value of a bond is the amount that the issuer must pay at maturity.
A. market
B. present
C. discounted
D. face
[单选题]A bond's principal is repaid on the ________ date.
A. coupon
B. yield
C. maturity
D. dirty
E. clean
Difficulty: 1 Easy
Topic: Bond features
Learning Objective: 07-01 Define important bond features and types of bonds.
[单选题] The risk on an agency bond is
A. high.
B. zero.
C. moderate.
D. low.
[简答题] Interest rates are determined in the bond markets.
[单选题] A requirement in the bond indenture that the firm pay off a portion of the bond issue each year is called
A. a sinking fund.
B. a call provision.
C. a restrictive covenant.
D. a shelf registration.
[单选题]The price sensitivity of a bond increases in response to a change in the market rate of interest as the:
A. coupon rate increases.
B. time to maturity decreases.
C. coupon rate decreases and the time to maturity increases.
D. time to maturity and coupon rate both decrease.
E. coupon rate and time to maturity both increase.
Difficulty: 1 Easy
Topic: Interest rate risk
Learning Objective: 07-02 Explain bond values and yields and why they fluctuate.
[简答题] A bond denominated in euros and issued in a country that uses the euro as its currency is an example of a Eurobond.
