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