Session 13: Market Organization, Market Indices, and Market Efficiency
Reading 56: Security Market Indices
LOS i: Discuss types of fixed-income indices.
Which of the following regarding bond market indexes is least accurate?
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A) |
Unlike stocks, bonds lack continuous price trading data. | |
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B) |
There are more bond issues than stocks. | |
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C) |
The bond universe is more stable than the stock universe. | |
One reason why the creation of a bond index is more difficult than a stock index is due to the fact that the universe of bonds is constantly changing because of numerous new issues, bond maturities, calls, and bond sinking funds. | 
发表于 2011-3-29 16:27
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