[CFA level 1模拟真题]Version 5 Questions－Q53 level

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Q53. All else equal, the most likely effect of an increase in yield volatility on the price of a callable bond and the price of a putable bond, respectively, would be:

Callable bond      putable bond

A.  increase        increase

B.  increase.       decrease

C.  decrease        increase

D.  decrease        decrease

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答案详解如下：

Q53.   C  Study session 15-66.n

The greater expected yield volatility, the greater the value of an option, which will decrease the price of a callable band and increase the price of a putable band.

hollow

c

Linda_SCB

a

fantasy_ln

11

technet

c

vivian1022

c

ondesert

c

一只船

A

nijiu

kan