Bond_Valuation_tests and answers

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1、Chapter10-BondPricesandYieldsChapter10BondPricesandYields MultipleChoiceQuestions 1. Theinvoicepriceofabondisthe______. A. statedorflatpriceinaquotesheetplusaccruedinterestB. statedorflatpriceinaquotesheetminusaccruedinterestC. bidpriceD. averageofthebidandaskprice 2. Sinkingfundsarecommonlyvie

2、wedasprotectingthe_______ofthebond. A. issuerB. underwriterC. holderD. dealer 3. Acollateraltrustbondis_______. A. securedbyothersecuritiesheldbythefirmB. securedbyequipmentownedbythefirmC. securedbypropertyownedbythefirmD. unsecured 4. Amortgagebondis_______. A. securedbyothersecuritiesheldbyt

3、hefirmB. securedbyequipmentownedbythefirmC. securedbypropertyownedbythefirmD. unsecured 5. Adebentureis_________. A. securedbyothersecuritiesheldbythefirmB. securedbyequipmentownedbythefirmC. securedbypropertyownedbythefirmD. unsecured 10-23Chapter10-BondPricesandYields6. BondsissuedintheU.S.ar

4、e__________andmostbondsissuedoverseasare___________. A. bearerbonds;registeredbondsB. registeredbonds;bearerbondsC. straightbonds;convertiblebondsD. puttablebonds;callable 7. Floatingratebondshavea__________thatisadjustedwithcurrentmarketinterestrates. A. maturitydateB. couponpaymentdateC. coup

5、onrateD. dividendyield 8. Inflation-indexedTreasurysecuritiesarecommonlycalled____. A. PIKsB. CARsC. TIPSD. STRIPS 9. Whendiscussingbonds,convexityrelatestothe_______. A. shapeofthebondpricecurvewithrespecttointerestratesB. shapeoftheyieldcurvewithrespecttomaturityC. slopeoftheyieldcurvewithres

6、pecttoliquiditypremiumsD. sizeofthebid-askspread 10. AJapanesefirmissuedandsoldapounddenominatedbondintheUnitedKingdom.AU.S.firmissuedbondsdenominatedindollarsbutsoldthebondsinJapan.Whichoneofthefollowingstatementsiscorrect? A. BothbondsareexamplesofEurobonds.B. TheJapanesebondisaEurobondandthe

7、U.S.bondistermedaforeignbond.C. TheU.S.bondisaEurobondandtheJapanesebondistermedaforeignbond.D. NeitherbondisaEurobond. 10-23Chapter10-BondPricesandYields11. TheprimarydifferencebetweenTreasurynotesandbondsis________. A. maturitya