1.Which of the following statements about primary bond markets is TRUE? Government: A) bills are generally for terms of two years or less. B) bonds are generally for terms of five years or more. C) notes are generally for terms of ten years or more. D) notes are generally for terms of two to ten years.
2.Given that a Treasury bond has a par value of $50,000 and is currently offered at a quoted price of 98-5, what is the dollar amount that an investor must pay in order to purchase the bond?
A) $49,078.13. B) $98.16. C) $50,000.00. D) $4,907,812.50.
3.If an investor purchases a 9 3/4s 2001 Feb. $10,000 par Treasury Note at 101:11 and holds it for exactly one year, what is the rate of return if the selling price is 101:17?
A) 9.81%. B) 9.75%. C) 8.75%. D) 8.14%.
4.Which of the following statements about U.S. Treasury Inflation Protection Securities (TIPS) is most likely accurate?
A) Adjustments to principal values are made annually. B) The inflation-adjusted principal value cannot be less than par. C) The coupon payment of TIPS is exempt from federal taxes. D) The coupon rate is fixed for the life of the issue.
5.The annual payment of a 20-year, semi-annual pay bond with a $5,000 par value and a 6.875 percent coupon rate currently trading at 89.28 is closest to:
A) $343.75. B) $153.45. C) $171.88. D) $306.90. | 
发表于 2008-4-9 13:41
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