答案和详解如下：
Question 106 The correct answer was D) information asymmetry. Poor communication of the intent of the central bank can lead to uncertainty, instability in financial markets, and policy decisions that surprise markets. Information asymmetry refers to the fact that central banks sometimes have information that is not known to financial market participants. This question tested from Session 15, Reading 66, LOS b Question 107 The correct answer was D) accelerated sinking fund provisions. An accelerated sinking fund provision benefits the issuer, not the bondholder. This question tested from Session 15, Reading 62, LOS e
Question 108 The correct answer was D) 9.2%. 6%/(1 - .35) = 9.23%. This question tested from Session 15, Reading 65, LOS i Question 109 The correct answer was A) the risk that the purchasing power of a bond’s cash flows will be less than expected. Inflation risk refers to the possibility that prices of goods and services in general will increase more than expected, reducing the purchasing power of a bond’s cash flows. This question tested from Session 15, Reading 63, LOS m Question 110 The correct answer was B) General obligation bonds are backed by the full faith and credit of the issuer. One type of issuer of federal agency securities is government sponsored enterprises (GSE). GSE securities are not backed by the full faith and credit of the Treasury. Municipal bond guarantees may apply to both principal and interest guarantees. Coupon strips refer to the coupon payments that are stripped from the original security and trade as zero coupon securities. This question tested from Session 15, Reading 64, LOS g, (Part 2) | 
发表于 2008-11-14 07:44
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