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Reading 56: Security Market Indices-LOS i 习题精选

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?

A)
Unlike stocks, bonds lack continuous price trading data.
B)
There are more bond issues than stocks.
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.

Which of the following is NOT a reason bond market indexes are more difficult to create than stock market indexes?

A)
The universe of bonds is much broader than that of stocks.
B)
There is a lack of continuous trade data available for bonds.
C)
Bond deviations tend to be relatively constant.


Bond prices are quite volatile as measured by the bond’s duration.

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