第三章 利率与估值英文习题及答案Word格式文档下载.docx
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第三章 利率与估值英文习题及答案Word格式文档下载.docx
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A)thesameamounteverymonthuntilmaturitydate、
B)afixedinterestpaymenteveryperiodandrepaysthefacevalueatthematuritydate、
C)thefacevalueofthebondplusaninterestpaymentoncethematuritydatehasbeenreached、
D)thefacevalueatthematuritydate、
3)Abond'
sfuturepaymentsarecalledits
A)cashflows、
B)maturityvalues、
C)discountedpresentvalues、
D)yieldstomaturity、
4)Acreditmarketinstrumentthatpaystheownerthefacevalueofthesecurityatthematuritydateandnothingpriortotheniscalleda
C)couponbond、
D)discountbond、
5)(I)Asimpleloanrequirestheborrowertorepaytheprincipalatthematuritydatealongwithaninterestpayment、(II)Adiscountbondisboughtatapricebelowitsfacevalue,andthefacevalueisrepaidatthematuritydate、
A)(I)istrue,(II)false、
B)(I)isfalse,(II)true、
C)Botharetrue、
D)Botharefalse、
6)Whichofthefollowingaretrueofcouponbonds?
A)Theownerofacouponbondreceivesafixedinterestpaymenteveryyearuntilthematuritydate,whenthefaceorparvalueisrepaid、
B)U、S、Treasurybondsandnotesareexamplesofcouponbonds、
C)Corporatebondsareexamplesofcouponbonds、
D)Alloftheabove、
E)OnlyAandBoftheabove、
7)Whichofthefollowingaregenerallytrueofallbonds?
A)Thelongerabond'
smaturity,theloweristherateofreturnthatoccursasaresultoftheincreaseinaninterestrate、B)Eventhoughabondhasasubstantialinitialinterestrate,itsreturncanturnouttobenegativeifinterestratesrise、C)Pricesandreturnsforlong-termbondsaremorevolatilethanthoseforshorter-termbonds、
D)Alloftheabovearetrue、
E)OnlyAandBoftheabovearetrue、
8)(I)Adiscountbondrequirestheborrowertorepaytheprincipalatthematuritydateplusaninterestpayment、(II)Acouponbondpaysthelenderafixedinterestpaymenteveryyearuntilthematuritydate,whenaspecifiedfinalamount(faceorparvalue)isrepaid、
9)Ifa$5,000couponbondhasacouponrateof13percent,thenthecouponpaymenteveryyearis
A)$650、
B)$1,300、
C)$130、
D)$13、
E)Noneoftheabove、
10)An$8,000couponbondwitha$400annualcouponpaymenthasacouponrateof
A)5percent、
B)8percent、
C)10percent、
D)40percent、
11)Theconceptof_________isbasedonthemon-sensenotionthatadollarpaidtoyouinthefutureislessvaluabletoyouthanadollartoday、
A)presentvalue
B)futurevalue
C)interest
D)deflation
12)Dollarsreceivedinthefutureareworth_________thandollarsreceivedtoday、Theprocessofcalculatingwhatdollarsreceivedinthefutureareworthtodayiscalled_________
A)more;
discounting、
B)less;
C)more;
inflating、
D)less;
13)Theprocessofcalculatingwhatdollarsreceivedinthefutureareworthtodayiscalled
A)calculatingtheyieldtomaturity、
B)discountingthefuture、
C)poundingthefuture、
D)poundingthepresent、
14)Withaninterestrateof5percent,thepresentvalueof$100receivedoneyearfromnowisapproximately
A)$100、
B)$105、
C)$95、
D)$90、
15)Withaninterestrateof10percent,thepresentvalueofasecuritythatpays$1,100nextyearand$1,460fouryearsfromnowisapproximately
A)$1,000、
B)$2,000、
C)$2,560、
D)$3,000、
16)Withaninterestrateof8percent,thepresentvalueof$100receivedoneyearfromnowisapproximately
A)$93、
B)$96、
C)$100、
D)$108、
17)Withaninterestrateof6percent,thepresentvalueof$100receivedoneyearfromnowisapproximately
A)$106、
B)$100、
C)$94、
D)$92、
18)Theinterestratethatequatesthepresentvalueofthecashflowreceivedfromadebtinstrumentwithitsmarketpricetodayisthe
A)simpleinterestrate、
B)discountrate、
C)yieldtomaturity、
D)realinterestrate、
19)Theinterestratethatfinancialeconomistsconsidertobethemostaccuratemeasureisthe
A)currentyield、
B)yieldtomaturity、
C)yieldonadiscountbasis、
D)couponrate、
20)Financialeconomistsconsiderthe_________tobethemostaccuratemeasureofinterestrates、
A)simpleinterestrate
B)discountrate
C)yieldtomaturity
D)realinterestrate
21)Forasimpleloan,thesimpleinterestrateequalsthe
A)realint
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