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[Level 1] CFA Level I:Fixed Income 习题精选题(21 - 25)

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发表于 2016-1-12 10:14:12 | 显示全部楼层 |阅读模式
本帖最后由 一起学CFA 于 2016-1-13 09:29 编辑 , F, n" I, m6 n, y

$ j7 v+ A. W# @9 fCFA Level I:Fixed Income - Features of debts securities 习题精选
0 m) w0 M# i! `/ p0 s7 w9 M21. 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:) G5 T0 U0 h& i$ c# T
Year
1-Year LIBOR
2008
3.5%
2009
4.0%
2010
3.0%
2011
2.0%
2012
1.5%
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During 2012, the payments owed by the issuer were based on a coupon rate
9 i/ a! C4 \% R7 B$ iclosest to: 2 Q; U1 W1 r& g, P4 i" K$ I
A. 6.5%
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C. 4.5%
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3 P" A4 k4 t. d; Q$ n* }答案和详解,登录后回复可见:
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, M: M7 C+ R. L, f3 ~8 V6 j22. Which of the following provides the most flexibility for the bond issuer?
1 T7 L& S4 N$ ?* p; EA. Put provision
1 x* S/ ^% X# u# c  RB. Call provision ( v1 W6 G. A8 W) y) z
C. Sinking fund provision 9 r- E6 Y9 f9 A) H: [3 [
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23. Which of the following provides the most protection to a bondholder?/ O) Y( D# S% _
A. Call protection.
+ X8 B) k. ~7 G. \1 UB. Refunding protection. - ]& t* C' ?  {* d2 M3 e  r! v/ ^
C. Sinking fund protection.
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24. Which statement regarding sinking funds is least likely correct?/ U: L3 R$ _  H7 W* t+ X) E
A. Sinking fund provisions require the retirement of a portion of a bond issue in specified amounts prior to the maturity date. + `) {; a2 Y6 a, }* T
B. Sinking fund redemptions can be accomplished by making cash payment to the trustee who will then retire the required proportion of the bonds.
" y- D& C0 M8 xC. If rates have declined since the bond was issued, companies are likely to choose to retire a proportion of the debt through the delivery of securities. / H/ U2 }" J9 D* Z/ E' s
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25. If an institutional investor wants to borrow money for 30 days to finance a bond purchase, which of these is most likely to be the lowest loan rate available?
$ h/ z2 F0 G- I1 eA. Term repo rate
6 a3 ~# T9 i9 x2 ^9 _4 AB. Call money rate
# u0 E8 _' ]& |% O& uC. Broker loan rate
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 楼主| 发表于 2016-1-12 10:16:17 | 显示全部楼层
想目睹高大上的金融圈是怎么个逼格吗?http://zhibo.gaodun.com/index/play/id/2457
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发表于 2019-2-1 13:19:06 | 显示全部楼层
谢谢谢谢谢
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看看,感谢楼主
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