2008 CFA Level 1 － Sample 样题(1)－Q13 style, black, class

8586

13、The bond-equivalent yield for a semi-annual pay bond is most likely:

A. equal to the effective annual yield.

B. more than the effective annual yield.

C. equal to the semi-annual yield to maturity.

D. equal to double the semi-annual yield to maturity.

[此贴子已经被作者于2008-11-7 16:49:58编辑过]

8586

Correct answer = D

"Discounted Cash Flow Applications," Richard A. Defusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkel
2008 Modular Level I, Vol. 1, p. 233
Study Session 2-6-d
calculate and interpret the bank discount yield, holding period yield, effective annual yield, and money market yield for a U.S. Treasury bill; and convert among holding period yields, money market yields, effective annual yields, and bond equivalent yields
The bond equivalent yield for a semi-annual pay bond is equal to double the semiannual yield to maturity. 

cxz0858

A

louzhuqued

t

tinysandy

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koalaking

 

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rayman012

d

ascendjiji

[em01]

zhangxie83

b

Riverview

thanks