|
Q38. A coupon bond pays annual interest, has a par value of $1,000, matures in 4 years, has a coupon rate of $100, and a yield to maturity of 12%. The current yield on this bond is:
A) 11.25%.
B) 9.50%.
C) 10.65%.
Q39. If interest rates and risk factors remain constant over the remainder of a coupon bond's life, and the bond is trading at a discount today, it will have a:
A) negative current yield and a capital gain.
B) positive current yield and a capital gain.
C) positive current yield, only.
Q40. A 20-year bond with a par value of $1,000 and an annual coupon rate of 6% currently trades at $850. It has a promised yield of:
A) 7.9%.
B) 7.5%.
C) 6.8%.
Q41. What is the yield to call on a bond that has an 8% coupon paid annually, $1,000 face value, 10 years to maturity and is first callable in 6 years? The current market price is $1,100. The call price is the face value plus 1-year’s interest.
A) 7.14%.
B) 6.00%.
C) 7.02%.
Q42. A $1,000 bond with an annual coupon rate of 10% has 10 years to maturity and is currently priced at $800. What is the bond's approximate yield-to-maturity?
A) 12.6%.
B) 13.8%.
C) 11.7%.
Q43. Which of the following describes the yield to worst? The:
A) lowest of all possible yields to call and yields to put.
B) yield given default on the bond.
C) lowest of all possible prices on the bond.
Q44. When a bond's coupon rate is greater than its current yield, and its current yield is greater than its yield to maturity, the bond is a:
A) discount bond.
B) par value bond.
C) premium bond.
Q45. Calculate the current yield and the yield-to-first call on a bond with the following characteristics:
- 5 years to maturity
- $1,000 face value
- 8.75% semi-annual coupon
- Priced to yield 9.25%
- Callable at $1,025 in two years
Current Yield Yield-to-Call
A) 8.93% 5.51%
B) 8.93% 11.02%
C) 9.83% 19.80%
| 
发表于 2009-3-3 17:58
| 
