CFA论坛,CFA考试,CFA培训_专业CFA论坛

搜索
查看: 5993|回复: 6
收起左侧

[Level 1] CFA Level 1 - 模考试题(1)(PM) Q106-110

[复制链接]

25

主题

74

帖子

1166

积分

普通用户

Rank: 5Rank: 5

积分
1166
发表于 2015-7-21 09:05:10 | 显示全部楼层 |阅读模式
本帖最后由 catherine 于 2015-7-21 09:06 编辑 4 U$ P" Q7 Y; U. X1 `& b" _

4 e$ T! B# d9 D, Y! tQuestion 106
# m6 a+ n  m& f* T( R5 }. ^' lThe estimation of cash flows for certain types of bonds is difficult. The length of the cash flow stream is:2 ~* z" g4 o! O
A)    unpredictable for both variable rate and convertible bonds.
8 L, M3 a9 J* |4 `) YB)   predictable for both convertible bonds and bonds with sinking fund provisions.4 `' a; u2 x7 B7 l
C)   unpredictable for variable rate bonds and predictable for callable bonds.. n6 H" V! S: ?; `! X; W3 y
D)   predictable for variable rate bonds but unpredictable for bonds with sinking fund provisions.
: {; N( ?/ W* [- Z6 A( s) I' E0 r1 w& P7 I9 ~+ I3 K
Question 107' K7 k4 H0 F9 M# D3 V- ]$ |* y/ V$ I
Which of the following statements regarding callable bonds is most accurate? Callable bonds:) z- _7 \/ R1 D  O. w
A)    are likely to be called when interest rates have increased.
* m% O: I5 w& {9 K- oB)   that have a deferred call feature allow the bondholder to defer the call for up to 5 years.+ V5 ~/ k) N6 X( H) m- o$ T$ A
C)   may not be called at par value--there must be at least a slight call premium to compensate the holder for losing the bond.8 f: y- [! l) J. C
D)   typically require that the issuer pay a premium above par to call the issue, and the amount of this premium usually declines as the bond approaches maturity.
" E* N! k0 e5 w4 I' `0 ^5 G  j$ N8 V* |( o
Question 108
7 x) I' s, j4 o+ z, P' oWhich of the following statements regarding debentures is most accurate? Debentures:
* `' o% o& o# D( U3 I; {& kA)    are commonly issued by government sponsored entities such as Fannie Mae and Freddie Mac.
6 Z  N4 E5 }  \+ c( j- _0 UB)   may not be issued by government sponsored entities.2 D7 s. r2 `4 c+ Z' A( B
C)   are often called first mortgage bonds.* E2 s" x. N0 A7 Y8 K
D)   are free from default risk if issued by federally related or government sponsored entities.. G7 T, t: e( X

$ L3 g+ Z+ C( t+ s+ tQuestion 1091 e+ f% U) f8 R; E4 c# W" j* {" L
Three corporate bonds are identical in all respects except that one is callable by the issuer, one is putable to the issuer, and one is option-free. Which of these three bonds is likely to have the greatest and least spread to Treasuries?
$ i6 Y' Y) q! p$ Q. u$ x! @# _       Greatest spread     Least spread
3 l+ G1 a5 f2 K% ]2 B! L/ a# LA)    Callable              Putable6 o; {: E7 ]! g& B- d5 y& ]% C- D
B)   Callable              Option-free" j: D, l; \0 X- b1 A/ X/ R3 F
C)   Option-free          Putable
; c1 O# a+ u6 F% _D)   Option-free          Callable
% J+ }1 E- o7 [
1 Z6 C/ X1 y' d% OQuestion 1104 O* c; K- p9 M
In the United States, an income bond not currently paying interest and a bond of the highest quality would be assigned the following quality ratings (by Standard & Poors), respectively:
- U5 L8 P( ?# v/ qA)    B, A
9 B( @8 g$ M# r7 Q7 _$ G9 FB)   CI, AAA- P6 i$ \5 ?1 x" I* w8 N0 ]* N
C)   D, AA: ]+ y7 P3 m. n4 E6 N
D)   F, AAA
CFA,你好!
回复

使用道具 举报

25

主题

74

帖子

1166

积分

普通用户

Rank: 5Rank: 5

积分
1166
 楼主| 发表于 2015-7-21 09:06:20 | 显示全部楼层
缺答案和详解,如有欢迎补充,谢谢!
. v0 @4 t% S+ B$ U: S3 X3 T# b- x
这套模考试题完结了!
CFA,你好!
回复 支持 反对

使用道具 举报

0

主题

14

帖子

47

积分

幼儿园

Rank: 2

积分
47
发表于 2015-7-24 10:17:05 | 显示全部楼层
楼主太好了,太感谢了!
回复 支持 反对

使用道具 举报

0

主题

12

帖子

41

积分

幼儿园

Rank: 2

积分
41
发表于 2015-7-25 05:41:15 | 显示全部楼层
谢谢分享!
回复 支持 反对

使用道具 举报

0

主题

13

帖子

36

积分

幼儿园

Rank: 2

积分
36
发表于 2015-7-28 00:37:29 | 显示全部楼层
谢谢您的分享!
回复 支持 反对

使用道具 举报

0

主题

0

帖子

52

积分

小学生

Rank: 3Rank: 3

积分
52
QQ
发表于 2015-8-19 17:09:36 | 显示全部楼层
回复 支持 反对

使用道具 举报

0

主题

0

帖子

7

积分

新手上路

Rank: 1

积分
7
发表于 2016-1-2 01:31:17 | 显示全部楼层
106)a 107)a 108)c 109)d 110)a
回复 支持 反对

使用道具 举报

您需要登录后才可以回帖 登录 | 注册

本版积分规则

快速回复 返回顶部 返回列表