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Q7. Consider a 5-year, semiannual, 10% coupon bond with a maturity value of 1,000 selling for $1,081.11. The first call date is 3 years from now and the call price is $1,030. What is the yield-to-call?
A) 7.28%.
B) 3.91%.
C) 7.82%.
Q8. A 12% coupon bond with semiannual payments is callable in 5 years. The call price is $1,120. If the bond is selling today for $1,110, what is the yield-to-call?
A) 10.95%.
B) 11.25%.
C) 10.25%.
Q9. If a bond sells at a discount its:
A) current yield is greater than its YTM.
B) coupon rate is less than the market rate of interest.
C) coupon rate is greater than its current yield.
Q10. Consider the purchase of an existing bond selling for $1,150. This bond has 28 years to maturity, pays a 12% annual coupon, and is callable in 8 years for $1,100.
What is the bond's yield to call (YTC)?
A) 10.05%.
B) 10.55%.
C) 9.26%.
Q11. What is the bond's yield to maturity (YTM)?
A) 10.55%.
B) 10.34%.
C) 9.26%.
Q12. What rate should be used to estimate the potential return on this bond?
A) 10.34%.
B) the YTC.
C) the YTM.
Q13. What rate of return will an investor earn if they buy a 20-year, 10% annual coupon bond for $900? They plan on selling this bond at the end of five years for $951. Calculate the rate of return and the current yield at the end of five years.
Rate of return Current yield
A) 9.4% 11.00%
B) 12.0% 11.00%
C) 12.0% 10.51%
Q14. A 6% semi-annual pay bond, priced at $860 has 10 years to maturity. Find the yield to maturity and determine if the price of this bond will be lower or higher than a zero coupon bond.
YTM Compared to zero coupon bond
A) 8.07% lower price
B) 8.07% higher price
C) 4.03% higher price
[此贴子已经被作者于2009-3-3 17:51:47编辑过] | 
发表于 2009-3-3 17:36
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