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LOS h: Describe the characteristics and motivation for the various types of debt issued by corporations (including corporate bonds, medium-term notes, structured notes, commercial paper, negotiable CDs, and bankers acceptances).
Q1. Which of the following statements concerning taxable bonds is most accurate?
A) Treasuries have the lowest yields, followed by agencies, then by corporates, which provide the highest returns.
B) Treasuries have the lowest yields, followed by corporates, then by agencies, which provide the highest returns.
C) Corporates have the lowest yields, followed by Treasuries, then by corporates, which provide the highest returns.
Q2. What is the typical face value of a corporate bond?
A) $100,000.
B) $100.
C) $1,000.
Q3. Which of the following statements concerning corporate bonds is most accurate? The denomination is usually:
A) $1,000, and the maturities usually range from 10 to 20 years.
B) $1,000, and the maturities usually range from 5 to 10 years.
C) $100,000, and the maturities usually range from 5 to 10 years.
Q4. Which of the following attributes does NOT describe commercial paper?
A) The most common maturity is 50 days or less.
B) All commercial paper must be registered with the Securities and Exchange Commission (SEC).
C) It is typically issued as a zero coupon instrument.
Q5. Which of the following statements accurately describes direct and dealer paper?
A) Direct paper tends to incur more issue costs versus dealer paper.
B) The majority of direct paper issuers are financial companies.
C) Direct paper is the same as dealer paper.
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发表于 2009-3-2 16:45
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