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Q7. Which of the following statements concerning U.S. Treasury securities is least accurate?
A) Treasury bonds have original maturities of 20 to 30 years.
B) Treasury Inflation Protected Securities pay a fixed coupon rate.
C) Treasury notes carry no coupon.
Q8. U.S. Treasury bonds that provide some protection from inflation by periodic adjustments of the principal value are called:
A) CPI Adjustable Bonds.
B) Inflation Linked Treasury Securities.
C) Treasury Inflation Protected Securities.
Q9. The annual payment of a 20-year, semi-annual pay bond with a $5,000 par value and a 6.875% coupon rate currently trading at 89.28 is closest to:
A) $343.75.
B) $171.88.
C) $153.45.
Q10. Which of the following statements about U.S. Treasury Inflation Protection Securities (TIPS) is most accurate?
A) Adjustments to principal values are made annually.
B) The inflation-adjusted principal value cannot be less than par.
C) The coupon rate is fixed for the life of the issue.
Q11. If an investor purchases a 9 ?s 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) 9.75%.
B) 8.75%.
C) 9.81%.
Q12. 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) $4,907,812.50.
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发表于 2009-3-2 16:16
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