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Q4. What is the value of Bond 4 if 3-month rates remain constant and all other rates increase by 135 basis points?
A) $250,000.00.
B) $229,750.00.
C) $243,375.00.
Q5. Suppose that there is a parallel upward shift in the yield curve. Which of the following best explains this phenomenon? The yield:
A) decrease is the same for all maturities.
B) increase is the same for all maturities.
C) increase is proportional to the original level for all maturities.
Q6. A yield curve is flat, and then it undergoes a non-parallel shift. After the shift, which of the following must be FALSE? The new yield curve is:
A) flat.
B) curvilinear.
C) a straight line.
Q7. Which of the following is TRUE if there is a positive butterfly shift in the yield curve?
A) The curvature of the yield curve increases.
B) The yield curve becomes less humped at intermediate maturities.
C) The curvature of the yield curve decreases.
Q8. Which of the following is TRUE if there is a twist in the yield curve?
A) The curvature of the yield curve increases.
B) The yield curve becomes humped at intermediate maturities.
C) The yield curve flattens or steepens.
Q9. With respect to yield curve, a negative butterfly shift means that the yield curve has become:
A) negatively sloped for all regions.
B) flat.
C) more curved.
[此贴子已经被作者于2009-3-16 18:03:44编辑过] | 
发表于 2009-3-16 18:02
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