答案和详解如下： 6、A bond that pays $100 in interest each year was purchased at the beginning of the year for $1,050 and sold at the end of the year for $1,100. An investor's holding period return is: A) 14.3%. B) 10.0%. C) 10.5%. D) 15.0%. The correct answer was A) Input into your calculator: N = 1, FV = 1,100, PMT = 100, PV = -1,050
CPT I / Y = 14.29 7、An investor buys a 10 3/8s treasury note for 103 11/32 and sells it one year later for 101 13/32. What is the holding period yield? A) 8.14%. B) 8.22%. C) 8.32%. D) 8.16%. The correct answer was D) 103 11/32 = 103.344% or $1,033.44 101 13/32 = 101.406% or $1,014.06 A coupon of 10 3/8 = 10.375% or $103.75 The rate of return equals the [(ending cash flows - the beginning cash flows) / beginning price] x 100 = [(1014.06 + 103.75 – 1033.44)/1033.44] x 100 = 8.16% 8、An investor expects a stock currently selling for $20 per share to increase to $25 by year-end. The dividend last year was $1 but he expects this year's dividend to be $1.25. What is the expected holding period return on this stock? A) 28.50%. B) 24.00%. C) 31.25%. D) 12.25%. The correct answer was C) Return = [dividend + (end - begin)]/beginning price R = [1.25 + (25 - 20)]/20 = 6.25/20 = .3125 | 
发表于 2008-4-7 15:00
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