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.
It was essential that ______ (申请表要在截止日期之前寄回).
The structure of interest rates results from all the following EXCEPT:()
A. viewing each bond coupon payment as a separate zero coupon bond.
B. viewing a bond’s cash flows as having maturities ranging from the next coupon payment to the final payment at maturity.
C. creating the yield curve by plotting term to maturity against the coupon rate.
Which of the following statements about fixed income securities is FALSE()
A. The corporate bond sector is more important in the US than in Japan and Germany.
B. Coupon interest and capital gains from municipal bonds are tax exempt at the federal level.
C. Treasuries and agencies are quoted in 32nds of a price point.