The closest point of approach （CPA ) of a contact on a relative motion radar may be deter

t"？

A．Unimportant.

B．Unacknowledged.

C．Underestimated.

D．Undeniable.

A.

B.

C.

D.

The underlined phrase "inflection point"(Para 1, Line 1)is closest to______.

A．flash point

B．turning point

C．starting point

D．finishing point

If a bond is trading at 96.829 with a yield to maturity of 4.53 percent and duration equal to 5.38, its price value of a basis point （PVBP) is closest to:（)。

A.0.0439

B.0.0521

C.0.0538

The word zenith in paragraph 2 is closest in meaning to

A．final goal

B．slow period

C．natural limit

D．high point

(to a duration-based approximation) corresponding to a 50 basis point interest rate decline is closest to:

A. -0.175%

B. 0.175%

C. 0.0075%

The word peak in paragraph 2 is closest in meaning to

A．large vocabulary

B．difficult period

C．high point

D．sudden reversal

he effective duration of the bond based on a 50 basis point change in rates is closest to:

A. 3.9

B. 4.0

C. 5.8

yield- to- maturity of 3%, is purchased at a price of 105.657223 per 100 of par value. Assuming a 5- basis point change in yield- to- maturity, the bond’s approximate modified duration is closest to:

A、2.78

B、2.86

C、5.56

D、空