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Which of the following statements regarding financing bond purchases with margin accounts is FALSE（）

A. The required margin percentage changes daily.
B. Individuals are more likely than institutions to use margin accounts to finance bond purchases.
C. In the U. S. , margin accounts are regulated by the Federal Reserve.

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Simone Girard, CFA candidate, is studying yield volatility and the value of callable bonds. She has the following information: a callable bond with a call option value calculated at 1.25 (prices are quoted as a percent of par) and a straight bond similar in all other aspects priced at 98.5. Girard also wants to determine how the bond’s value will change if yield volatility increases. Which of the following choices is closest to what Girard calculates as the value for the callable bond and correctly describes the bond’s price behavior as yield volatility increases（）

A. 97.25, price increases.
B. 99.75, price decreases.
C. 97.25, price decreases.

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Which of the following is TRUE about a bond with a deferred call provision（）

A. It could be called at any time during the initial call period, but not later.
B. It could not be called right after the date of issue.
C. Principal repayment can be deferred until it reaches maturity.

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Which of the following is least likely the reason that floating rate bonds may trade at prices different from their par values（）

A. Resetting interest rates makes floating rate bonds more susceptible to the price risk that results from changing interest rates.
B. A time lag exists between the rate change in the market and the time when the coupon rate is reset.
C. The fixed quoted margin on the floating rate security may differ from the margin required by the market.

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It was essential that ______ (申请表要在截止日期之前寄回).

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Which of the following statements regarding financing bond purchases with margin accounts is FALSE（）

A. The required margin percentage changes daily. B. Individuals are more likely than institutions to use margin accounts to finance bond purchases. C. In the U. S. , margin accounts are regulated by the Federal Reserve.

Which of the following is TRUE about a bond with a deferred call provision（）

Which of the following is least likely the reason that floating rate bonds may trade at prices different from their par values（）

It was essential that ______ (申请表要在截止日期之前寄回).

A. The required margin percentage changes daily.
B. Individuals are more likely than institutions to use margin accounts to finance bond purchases.
C. In the U. S. , margin accounts are regulated by the Federal Reserve.