Which of the following provides the most flexibility for the bond issuer?A. Put provis
Which of the following provides the most flexibility for the bond issuer?
A. Put provision
B. Call provision
C. Sinking fund provision
Which of the following provides the most flexibility for the bond issuer?
A. Put provision
B. Call provision
C. Sinking fund provision
第1题
A 5-year floating-rate security was issued on January 1, 2006. The coupon rate formula was 1-year LIBOR + 300 bps with a cap of 10% and a floor of 5% and annual reset. The 1-year LIBOR rate on January 1st of each year of the security’s life is provided in the following table:
During 2012, the payments owed by the issuer were based on a coupon rate
closest to:
A. 6.5%
B. 5.0%
C. 4.5%
第2题
The table below provides a history of a fixed income security’s coupon rate and the risk free rate over a five-year period:
The security is most likely a(n):
A. step-up note.
B. inverse floater.
C. deferred coupon bond.
第3题
For an A- rated corporate bond that has deteriorating fundamentals, but is expected to remain investment grade, the greatest risk is most likely:
A.liquidity risk.
B.default risk.
C.credit spread risk.
第4题
An analyst is evaluating the two bonds below:
Compared with Bond A, Bond B most likely will have:
A.less interest rate risk and more reinvestment risk.
B.more interest rate risk and less reinvestment risk.
C.less interest rate risk and less reinvestment risk.
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