题目内容

Assume that there are no transaction costs and that securities are infinitely divisible, ff an 8 percent coupon paying bond (with semi-annual coupon payments) that has six months left to maturity trades at 97.54, and there is a zero-coupon bond with six months remaining to maturity that is correctly priced using a discount rate of 9 percent, is there an arbitrage opportunity（）

A. Yes, the coupon bond price is too low.
B. Yes, the coupon bond price is too high.
C. The coupon bond is not correctly priced but no arbitrage trade can be set up using the zero-coupon bond.

查看答案

搜索结果不匹配？点我反馈

更多问题

Tony Calaveccio, CFA, is the manager of the Trust-Co Small Cap Venture Fund in Toronto. He places trades for the fund with Worldwide Brokerage. Worldwide suggests to Calaveccio that they are willing to provide him with additional compensation for order flow. Is this permissible under the Code and Standards（）

A. Yes, if he receives written consent from Trust-Co and discloses the arrangement to his clients and prospects.
B. Yes, if he discloses the arrangement in writing to Trust-Co.
C. Yes, if he obtains written permission from Trust-co and his clients and prospects.

查看答案

Which of the following statements about monopolists is most likely correct（）

A. Without government intervention, monopolists will always earn profits.
B. A monopolist maximizes price where marginal revenue equals marginal cost.
C. Monopolists have imperfect information about demand.

查看答案

Kira Sigard, CFA and an attorney with an investment banking firm, structures a client’s bond issue to include a "poison put". This is a provision that requires the issuer to redeem the bond at par in the case of a corporate takeover, a merger, or anti-takeover measure that would dissipate significant corporate assets. An investor who purchases this bond is protected from what type of risk（）

A. Call Risk.
B. Reinvestment Risk.
C. Event Risk.

查看答案

Utilitarianism, in reference to economic fairness, refers to the idea that:（）

A. the greatest good occurs when wealth is equalized.
B. the greatest utility of production and consumption results from competitive markets.
C. equality of opportunity is an important measure of economic fairness.

查看答案

A. Yes, the coupon bond price is too low. B. Yes, the coupon bond price is too high. C. The coupon bond is not correctly priced but no arbitrage trade can be set up using the zero-coupon bond.

Which of the following statements about monopolists is most likely correct（）

Utilitarianism, in reference to economic fairness, refers to the idea that:（）

A. Yes, the coupon bond price is too low.
B. Yes, the coupon bond price is too high.
C. The coupon bond is not correctly priced but no arbitrage trade can be set up using the zero-coupon bond.