[CFA level 1模拟真题]Version 4 Questions－Q56 face, government, corporate, relative, border

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Q56 An analyst notes that the yield on a 10-year corporate bond is 6.15% and the yield on a 10-year government bond is 4.20%. The relative yield spread and yield ratio, respectively, for the two bonds are closest to :

	Relative yield spread	Yield ratio
A	31.7%	0.68
B	31.7%	1.46
C	46.4%	0.68
D	46.4%	1.46

 

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答案和详解如下：

Q56-    D     Study Session 15-68-e

Because the default-free bond .(g4vernmeut bond ) is the benchmark bond. The relative yield spread is (6;15.4.2)/4.2=0.464 and the yield ratio is 6.15/4.2=1.46.