Which of the following investors is least susceptible to inflation risk()
A financial institution with assets concentrated in fixed-rate mortgages.
B. An individual with a 5 year certificate of deposit at a local financial institution.
C. The holder of a 15-year bond with a coupon formula equal to the U. S. prime rate plus 3.25%.
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______ (面对严重的疾病), she has shown great courage.
Which one of the following alternatives represents the correct series of payments made by a typical 6 percent U. S. Treasury note with a par value of $100000 issued today with five years to maturity Number and size of each intermediate payment Payment made at maturity()①A. 9 semiannual payments of $3000 $100000 ②B. 4 annual payments of $6000 $106000 ③C. 9 semiannual payments of $3000 $103000
A. ①
B. ②
C. ③
Which of the following statements regarding Treasury bills (T-bills) is TRUE T-bills:()
A. have maturities greater than 6 months and can be sold at a price greater than par.
B. are considered the risk-free instrument, which means there exists no interest rate risk.
C. carry no coupon.
Which of the following statements about debt securities is least accurate()
A. Commercial paper is a short-term (less than nine months) vehicle for corporate borrowing.
B. A MTN is a shelf-registered debt instrument that is continually offered to investors by an agent of the issuer and varies in maturity from nine months to over 30 years.
C. A medium-term note (MTN) differs from a corporate bond in that a MTN is sold to investors on a "firm commitment" basis wherein the investment banker guarantees a price to the issuer.