52.
For option-free bonds, greater interest rate risk is exhibited by bonds with:
Select exactly 1 answers from the following:
A. longer maturity and a lower coupon rate.
B. longer maturity and a higher coupon rate.
C. shorter maturity and a lower coupon rate.
D. shorter maturity and a higher coupon rate.
答案和详解如下！
Feedback: Correct answer: A
Fixed Income Analysis for the Chartered Financial Analyst Program, 2nd edition, Frank J. Fabozzi (Frank J. Fabozzi Associates, 2004), pp. 28 2006 Modular Level I, Vol. IV, pp. 34 Study Session 14-63-c explain how features of a bond (e.g., maturity, coupon, and embedded options) affect the bond抯 interest rate risk
The longer a bond抯 maturity and the lower a bond抯 coupon rate, the greater the bond抯 price sensitivity to changes in interest rates (the greater the bond抯 interest rate risk).
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发表于 2006-11-21 12:27
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