| 答案和详解如下： Question 96 The correct answer was B) 73.8%. Margin debt = 40% × $50 = $20; Interest = $20 × 0.05 = $1. Equity % = [Value – (margin debt + interest)] / Value $80 - $21 / $80 = 73.8% This question tested from Session 13, Reading 52, LOS g, (Part 1) Question 97 The correct answer was C) Downward sloping. Greater demand for long-term securities, all else constant, would put upward pressure on the price of long-term securities and put downward pressure on long-term yields, causing the yield curve to invert. This question tested from Session 15, Reading 65, LOS c, (Part 2) Question 98 The correct answer was B) moves in a direction opposite to that of the reference rate. An inverse or reverse floater is a bond where the coupon rate moves in a direction opposite to that of the reference rate. This question tested from Session 15, Reading 62, LOS b, (Part 3) Question 99
The correct answer was D) 12.0%. 1r5= [(1 + R6)6 / (1 + R5)5] - 1 = [(1.07)6/(1.06)5] – 1 = [1.5 / 1.338] - 1 = 0.12 This question tested from Session 16, Reading 68, LOS h, (Part 1) Question 100 The correct answer was B) A call feature decreases a bond's duration. This question tested from Session 15, Reading 63, LOS c | 
发表于 2008-11-15 14:15
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