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LOS e: Compute the value of a zero-coupon bond.
Q1. If a 15-year, $1,000 U.S. zero-coupon bond is priced to yield 10%, what is its market price?
A) $231.38.
B) $23.50.
C) $239.39.
Q2. What is the yield to maturity (YTM) of a 20-year, U.S. zero-coupon bond selling for $300?
A) 6.11%.
B) 7.20%.
C) 3.06%.
Q3. What is the value of a zero-coupon bond if the term structure of interest rates is flat at 6% and the bond has two years remaining to maturity?
A) 88.85.
B) 83.75.
C) 100.00.
Q4. What would an investor pay for a 25-year zero coupon bond if they required 11%? (Assume semi-annual compounding.)
A) $68.77
B) $1,035.25
C) $103.53
Q5. The value of a 10-year zero-coupon bond with a $1,000 maturity value, compounded semiannually, and has an 8% discount rate is closest to:
A) $200.00.
B) $456.39.
C) $463.19.
Q6. A Treasury bill has a $10,000 face value and matures in one year. If the current yield to maturity on similar Treasury bills is 4.1% annually, what would an investor be willing to pay now for the T-bill?
A) $9,606.15.
B) $9,799.12.
C) $9,899.05.
[此贴子已经被作者于2009-3-2 18:02:11编辑过] | 
发表于 2009-3-2 18:01
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