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Q15. The bond's yield-to-maturity is:
A) the discount rate that equates the present value of the cash flows received with the price of the bond.
B) based on the assumption that the bond is held to maturity and all coupons are reinvested at the yield-to-maturity.
C) both of these are correct.
Q16. A coupon bond which pays interest $100 annually has a par value of $1,000, matures in 5 years, and is selling today at a $72 discount from par value. The yield to maturity on this bond is:
A) 12.00%.
B) 7.00%.
C) 8.33%.
Q17. If a $1,000 bond has a 14% coupon rate and a current market price of 950, what is the current market yield?
A) 15.36%.
B) 14.74%.
C) 14.00%.
Q18. A zero coupon bond with a face value of $1,000 has a price of $148. It matures in 20 years. Assuming annual compounding periods, the yield to maturity of the bond is:
A) 10.02%.
B) 9.68%.
C) 14.80%.
Q19. To estimate the actual return of a bond when a callable bond's market price is higher than par use:
A) YTM.
B) HPR.
C) YTC.
Q20. A 30-year, 10% annual coupon bond is sold at par. It can be called at the end of 10 years for $1,100. What is the bond's yield to call (YTC)?
A) 8.9%.
B) 10.0%.
C) 10.6%.
Q21. A 20-year, 10% semi-annual coupon bond selling for $925 has a promised yield to maturity (YTM) of:
A) 11.23%.
B) 9.23%.
C) 10.93%.
Q22. A coupon bond that pays interest annually is selling at par, matures in 5 years, and has a coupon rate of 12%. The yield to maturity on this bond is:
A) 60.00%.
B) 12.00%.
C) 8.33%.
[此贴子已经被作者于2009-3-3 17:54:13编辑过] | 
发表于 2009-3-3 17:40
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