moneyandbanktestbankchapWord文档下载推荐.docx
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A)decreases
B)increases
C)hasnoeffecton
D)isirrelevantto
4)Withaninterestrateof6percent,thepresentvalueof$100nextyearisapproximately
A)$106.
B)$100.
C)$94.
D)$92.
C
5)Ifasecuritypays$55inoneyearand$133inthreeyears,itspresentvalueis$150iftheinterestrateis
A)5percent.
B)10percent.
C)12.5percent.
D)15percent.
B
6)Toclaimthatalotterywinnerwhoistoreceive$1millionperyearfortwentyyearshaswon$20millionignorestheprocessof
A)facevalue.
B)parvalue.
C)deflation.
D)discountingthefuture.
D
Revised
7)Acreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentisknownasa
A)simpleloan.
B)fixed-paymentloan.
C)couponbond.
D)discountbond.
8)Acreditmarketinstrumentthatrequirestheborrowertomakethesamepaymenteveryperioduntilthematuritydateisknownasa
9)Whichofthefollowingaretrueoffixedpaymentloans?
A)Theborrowerrepaysboththeprincipalandinterestatthematuritydate.
B)Installmentloansandmortgagesarefrequentlyofthefixedpaymenttype.
C)Theborrowerpaysinterestperiodicallyandtheprincipalatthematuritydate.
D)Commercialloanstobusinessesareoftenofthistype.
10)Afullyamortizedloanisanothernamefor
A)asimpleloan.
B)afixed-paymentloan.
C)acommercialloan.
D)anunsecuredloan.
11)Acreditmarketinstrumentthatpaystheownerafixedcouponpaymenteveryyearuntilthematuritydateandthenrepaysthefacevalueiscalleda
12)A________paystheownerafixedcouponpaymenteveryyearuntilthematuritydate,whenthe________valueisrepaid.
A)couponbond;
discount
B)discountbond;
C)couponbond;
face
D)discountbond;
13)The________isthefinalamountthatwillbepaidtotheholderofacouponbond.
A)discountvalue
B)couponvalue
C)facevalue
D)presentvalue
14)Whentalkingaboutacouponbond,facevalueand________meanthesamething.
A)parvalue
C)amortizedvalue
D)discountvalue
New
15)Thedollaramountoftheyearlycouponpaymentexpressedasapercentageofthefacevalueofthebondiscalledthebond'
s
A)couponrate.
B)maturityrate.
C)facevaluerate.
D)paymentrate.
16)Ifa$5,000couponbondhasacouponrateof13percent,thenthecouponpaymenteveryyearis
A)$650.
B)$1,300.
C)$130.
D)$13.
17)An$8,000couponbondwitha$400couponpaymenteveryyearhasacouponrateof
B)8percent.
C)10percent.
D)40percent.
18)Allofthefollowingareexamplesofcouponbondsexcept
A)Corporatebonds
B)U.S.Treasurybills
C)U.S.Treasurynotes
D)U.S.Treasurybonds
19)Abondthatisboughtatapricebelowitsfacevalueandthefacevalueisrepaidatamaturitydateiscalleda
20)A________isboughtatapricebelowitsfacevalue,andthe________valueisrepaidatthematuritydate.
21)Adiscountbond
A)paysthebondholderafixedamounteveryperiodandthefacevalueatmaturity.
B)paysthebondholderthefacevalueatmaturity.
C)paysallinterestandthefacevalueatmaturity.
D)paysthefacevalueatmaturityplusanycapitalgain.
22)Examplesofdiscountbondsinclude
A)U.S.Treasurybills.
B)corporatebonds.
C)U.S.Treasurynotes.
D)municipalbonds.
23)Whichofthefollowingaretruefordiscountbonds?
A)Adiscountbondisboughtatpar.
B)Thepurchaserreceivesthefacevalueofthebondatthematuritydate.
C)U.S.Treasurybondsandnotesareexamplesofdiscountbonds.
D)Thepurchaserreceivestheparvalueatmaturityplusanycapitalgains.
24)Theinterestratethatequatesthepresentvalueofpaymentsreceivedfromadebtinstrumentwithitsvaluetodayisthe
A)simpleinterestrate.
B)currentyield.
C)yieldtomaturity.
D)realinterestrate.
25)Economistsconsiderthe________tobethemostaccuratemeasureofinterestrates.
26)Forsimpleloans,thesimpleinterestrateis________theyieldtomaturity.
A)greaterthan
B)lessthan
C)equalto
D)notcomparableto
27)Iftheamountpayableintwoyearsis$2420forasimpleloanat10percentinterest,theloanamountis
A)$1000.
B)$1210.
C)$2000.
D)$2200.
28)Fora3-yearsimpleloanof$10,000at10percent,theamounttoberepaidis
A)$10,030.
B)$10,300.
C)$13,000.
D)$13,310.
29)If$22,050istheamountpayableintwoyearsfora$20,000simpleloanmadetoday,theinterestrateis
C)22percent.
D)25percent.
30)Ifasecuritypays$110nextyearand$121theyearafterthat,whatisitsyieldtomaturityifitsellsfor$200?
A)9percent
B)10percent
C)11percent
D)12percent
31)Thepresentvalueofafixed-paymentloaniscalculatedasthe________ofthepresentvalueofallcashflowpayments.
A)sum
B)difference
C)multiple
D)log
32)Whichofthefollowingaretrueforacouponbond?
A)Whenthecouponbondispricedatitsfacevalue,theyieldtomaturityequalsthecouponrate.
B)Thepriceofacouponbondandtheyieldtomaturityarepositivelyrelated.
C)Theyieldtomaturityisgreaterthanthecouponratewhenthebondpriceisabovetheparvalue.
D)Theyieldislessthanthecouponratewhenthebondpriceisbelowtheparvalue.
33)Thepriceofacouponbondandtheyieldtomaturityare________related;
thatis,astheyieldtomaturity________,thepriceofthebond________.
A)positively;
rises;
rises
B)negatively;
falls;
falls
C)positively;
D)negatively;
34)Theyieldtomaturityis________thanthe________ratewhenthebondpriceis________itsfacevalue.
A)greater;
coupon;
above
B)greater;
below
C)greater;
perpetuity;
D)less;
35)A$10,0008percentcouponbondthatsellsfor$10,000hasayieldtomaturityof
A)8percent.
C)12percent.
D)14percent.
36)Whichofthefollowing$1,000face-valuesecuritieshasthehighestyieldtomaturity?
A)A5percentcouponbondsellingfor$1,000
B)A10percentcouponbondsellingfor$1,000
C)A12percentcouponbondsellingfor$1,000
D)A12percentcouponbondsellingfor$1,100
37)Whichofthefollowing$5,000face-valuesecuritieshasthehighesttomaturity?
A)A6percentcouponbondsellingfor$5,000
B)A6percentcouponbondsellingfor$5,500
C)A10percentcouponbondsellingfor$5,000
D)A12percentcouponbondsellingfor$4,500
38)Whichofthefollowing$1,000face-valuesecuritieshasthehighestyieldtomaturity?
A)A5percentcouponbondwithapriceof$600
B)A5percentcouponbondwithapriceof$800
C)A5percentcouponbondwithapriceof$1,000
D)A5percentcouponbondwithapriceof$1,200
39)Whichofthefollowing$1,000face-valuesecuritieshasthelowestyieldtomaturity?
C)A15percentcouponbondsellingfor$1,000
D)A15percentcouponbondsellingfor$900
40)Whichofthefollowingbondswouldyouprefertobebuying?
A)A$10,000face-valuesecuritywitha10percentcouponsellingf
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