投資學(xué)第7版testbank答案

1、Chapter14BondPricesYields297MultipleChoiceQuestions1.Thecurrentyieldonabondisequalto________.A)annualinterestdividedbythecurrentmarketpriceB)theyieldtomaturityC)annualinterestdividedbytheparvalueD)theinternalrateofreturn

2、E)noneoftheaboveAnswer:ADifficulty:EasyRationale:Aiscurrentyieldisquotedassuchinthefinancialpress.2.Ifa7%couponbondistradingf$975.00ithasacurrentyieldof____________percent.A)7.00B)6.53C)7.24D)8.53E)7.18Answer:EDifficulty

3、:EasyRationale:70975=7.18.3.Ifa6%couponbondistradingf$950.00ithasacurrentyieldof____________percent.A)6.5B)6.3C)6.1D)6.0E)6.6Answer:BDifficulty:EasyRationale:60950=6.3.Chapter14BondPricesYields2997.Acouponbondpaysannuali

4、nteresthasaparvalueof$1000maturesin12yearshasacouponrateof11%hasayieldtomaturityof12%.Thecurrentyieldonthisbondis___________.A)10.39%B)10.43%C)10.58%D)10.66%E)noneoftheaboveAnswer:DDifficulty:ModerateRationale:FV=1000n=1

5、2PMT=110i=12PV=938.06$100$938.06=10.66%.8.Ofthefollowingfourinvestments________isconsideredthesafest.A)commercialpaperB)cpatebondsC)U.S.AgencyissuesD)TreasurybondsE)TreasurybillsAnswer:EDifficulty:EasyRationale:OnlyTreas

6、uryissuesareinsuredbytheU.S.governmenttheshtertermtheinstrumentthesafertheinstrument.9.ToearnahighratingfromthebondratingagenciesafirmshouldhaveA)alowtimesinterestearnedratioB)alowdebttoequityratioC)ahighquickratioD)BCE)