货币金融学chapter4英文练习习题docWord文档格式.docx
《货币金融学chapter4英文练习习题docWord文档格式.docx》由会员分享,可在线阅读,更多相关《货币金融学chapter4英文练习习题docWord文档格式.docx(24页珍藏版)》请在冰豆网上搜索。
C)hasnoeffecton
D)isirrelevanttoAnswer:
4)Withaninterestrateof6percent,thepresentvalueof$100nextyearisapproximately
A)$106.
B)$100.
C)$94.
D)$92.Answer:
C
AnalyticalThinking
5)Whatisthepresentvalueof$500.00tobepaidintwoyearsiftheinterestrateis5percent?
A)$453.51
B)$500.00
C)$476.25
D)$550.00Answer:
6)Ifasecuritypays$55inoneyearand$133inthreeyears,itspresentvalueis$150iftheinterestrateis
A)5percent.
B)10percent.
C)12.5percent.
D)15percent.Answer:
B
7)Toclaimthatalotterywinnerwhoistoreceive$1millionperyearfortwentyyearshaswon$20millionignorestheprocessof
A)facevalue.
B)parvalue.
C)deflation.
D)discountingthefuture.
Answer:
D
8)Acreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentisknownasa
A)simpleloan.
B)fixed-paymentloan.C)couponbond.
D)discountbond.Answer:
9)Acreditmarketinstrumentthatrequirestheborrowertomakethesamepaymenteveryperiod
untilthematuritydateisknownasa
A)simpleloan.
B)fixed-paymentloan.
C)couponbond.
D)discountbond.Answer:
10)WhichofthefollowingareTRUEoffixedpaymentloans?
A)Theborrowerrepaysboththeprincipalandinterestatthematuritydate.
B)Installmentloansandmortgagesarefrequentlyofthefixedpaymenttype.
C)Theborrowerpaysinterestperiodicallyandtheprincipalatthematuritydate.
D)Commercialloanstobusinessesareoftenofthistype.
11)Afullyamortizedloanisanothernamefor
A)asimpleloan.
B)afixed-paymentloan.
C)acommercialloan.
D)anunsecuredloan.Answer:
12)Acreditmarketinstrumentthatpaystheownerafixedcouponpaymenteveryyearuntilthematuritydateandthenrepaysthefacevalueiscalleda
13)A________paystheownerafixedcouponpaymenteveryyearuntilthematuritydate,whenthe________valueisrepaid.
A)couponbond;
discountB)discountbond;
discountC)couponbond;
face
D)discountbond;
faceAnswer:
14)The________isthefinalamountthatwillbepaidtotheholderofacouponbond.
A)discountvalue
B)couponvalue
C)facevalue
D)presentvalueAnswer:
15)Whentalkingaboutacouponbond,facevalueand________meanthesamething.A)parvalue
B)couponvalueC)amortizedvalueD)discountvalueAnswer:
16)Thedollaramountoftheyearlycouponpaymentexpressedasapercentageofthefacevalueofthebondiscalledthebond'
s
A)couponrate.
B)maturityrate.
C)facevaluerate.
D)paymentrate.Answer:
17)The________iscalculatedbymultiplyingthecouponratetimestheparvalueofthebond.
B)facevalue
C)couponpayment
D)maturitypaymentAnswer:
18)Ifa$1000facevaluecouponbondhasacouponrateof3.75percent,thenthecouponpaymenteveryyearis
A)$37.50.B)$3.75.C)$375.00.D)$13.75Answer:
19)Ifa$5,000couponbondhasacouponrateof13percent,thenthecouponpaymenteveryyearis
A)$650.B)$1,300.C)$130.D)$13.
20)An$8,000couponbondwitha$400couponpaymenteveryyearhasacouponrateofA)5percent.
B)8percent.C)10percent.D)40percent.Answer:
21)A$1000facevaluecouponbondwitha$60couponpaymenteveryyearhasacouponrateof
A).6percent.
B)5percent.
C)6percent.
D)10percent.Answer:
22)AllofthefollowingareexamplesofcouponbondsEXCEPTA)corporatebonds.
B)U.S.Treasurybills.
C)U.S.Treasurynotes.
D)U.S.Treasurybonds.
23)Abondthatisboughtatapricebelowitsfacevalueandthefacevalueisrepaidatamaturitydateiscalleda
24)A________isboughtatapricebelowitsfacevalue,andthe________valueisrepaidatthe
maturitydate.
A)couponbond;
discount
B)discountbond;
C)couponbond;
D)discountbond;
25)Adiscountbond
A)paysthebondholderafixedamounteveryperiodandthefacevalueatmaturity.
B)paysthebondholderthefacevalueatmaturity.
C)paysallinterestandthefacevalueatmaturity.
D)paysthefacevalueatmaturityplusanycapitalgain.
26)Examplesofdiscountbondsinclude
A)U.S.Treasurybills.
B)corporatebonds.
D)municipalbonds.Answer:
27)WhichofthefollowingareTRUEfordiscountbonds?
A)Adiscountbondisboughtatpar.
B)Thepurchaserreceivesthefacevalueofthebondatthematuritydate.
C)U.S.Treasurybondsandnotesareexamplesofdiscountbonds.
D)Thepurchaserreceivestheparvalueatmaturityplusanycapitalgains.
28)Theinterestratethatequatesthepresentvalueofpaymentsreceivedfromadebtinstrumentwithitsvaluetodayisthe
A)simpleinterestrate.B)currentyield.
C)yieldtomaturity.D)realinterestrate.Answer:
29)Economistsconsiderthe________tobethemostaccuratemeasureofinterestrates.
A)simpleinterestrate.
B)currentyield.
C)yieldtomaturity.
D)realinterestrate.Answer:
30)Forsimpleloans,thesimpleinterestrateis________theyieldtomaturity.A)greaterthan
B)lessthanC)equalto
D)notcomparabletoAnswer:
31)Iftheamountpayableintwoyearsis$2420forasimpleloanat10percentinterest,theloanamountis
A)$1000.
B)$1210.
C)$2000.
D)$2200.Answer:
32)Fora3-yearsimpleloanof$10,000at10percent,theamounttoberepaidis
A)$10,030.
B)$10,300.
C)$13,000.
D)$13,310.Answer:
33)If$22,050istheamountpayableintwoyearsfora$20,000simpleloanmadetoday,theinterestrateis
A)5percent.B)10percent.C)22percent.D)25percent.Answer:
34)Ifasecuritypays$110nextyearand$121theyearafterthat,whatisitsyieldtomaturityifitsellsfor$200?
A)9percentB)10percentC)11percentD)12percent
35)Thepresentvalueofafixed-paymentloaniscalculatedasthe________ofthepresentvalueofallcashflowpayments.
A)sum
B)differenceC)multipleD)logAnswer:
36)WhichofthefollowingareTRUEforacouponbond?
A)Whenthecouponbondispricedatitsfacevalue,theyieldtomaturityequalsthecouponrate.
B)Thepriceofacouponbondandtheyieldtomaturityarepositivelyrelated.
C)Theyieldtomaturityisgreaterthanthecouponratewhenthebondpriceisabovetheparvalue.
D)Theyieldislessthanthecouponratewhenthebondpriceisbelowtheparvalue.
37)The________ofacouponbondandtheyieldtomaturityareinverselyrelated.
A)price
B)parvalue
C)maturitydate
D)termAnswer:
38)Thepriceofacouponbondandtheyieldtomaturityare________related;
thatis,astheyieldtomaturity________,thepriceofthebond________.
A)positively;
rises;
risesB)negatively;
falls;
fallsC)positively;
fallsD)negatively;
fallsAnswer:
39)Theyieldtomaturityis________thanthe________ratewhenthebondpriceis________
itsfacevalue.
A)greater;
coupon;
aboveB)greater;
belowC)greater;
perpetuity;
aboveD)less;
below
40)The________isbelowthecouponratewhenthebondpriceis________itsparvalue.A)yieldtomaturity;
above
B)yieldtomaturity;
belowC)discountrate;
aboveD)discountrate;
belowAnswer:
41)A$10,0008percentcouponbondthatsellsfor$10,000hasayieldtomaturityof
A)8percent.
C)12percent.
D)14percent.Answer:
42)Whichofthefollowing$1,000face-valuesecuritieshasthehighestyieldtomaturity?
A)a5percentcouponbondsellingfor$1,000
B)a10percentcouponbondsellingfor$1,000
C)a12percentcouponbondsellingfor$1,000
D)a12percentcouponbondsellingfor$1,100