A $1,000 par, semiannual-pay coupon bond is trading for 89.14, has a coupon rate of 8.75%, and accrued interest of $43.72. The flat price of the bond is:

A、5%

B、8%

C、10%

D、40%

Bao Capital issues a 4-year semiannual-pay bond with a face value of $10 million and a coupon rate of 10%.The market interest rate is 11% when the bond is issued.The balance sheet liability at the end of the first semiannual period is closestto:

A.$9,650,700.

B.$9,683,250.

C.$9,715,850.

An 8%, semiannual pay, option-free bond that is trading at par is maturing in 8 years. The 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

A、5 percent.

B、8 percent.

C、10 percent.

D、40 percent.

A、A 5-year bond with a face value of $1,000 and a coupon rate of 9%, issued that morning and being traded at a price of $1030

B、A 10-year bond with a face value of $1,000 and a coupon rate of 8%, issued on March 22, 2008 and being traded at a price of $980

C、Both of bonds mentioned in A and B

D、None of bonds mentioned in A and B

Tapper, Inc. has two $1,000 par value bonds outstanding that both sell for 758.18. The first issue has 15 years to maturity and an annual coupon of 6%. The second issue has the same yield to maturity as the first one, pays annual interest as well, but has only 5 years remaining till maturity. The annual interest payment on the second issue is closest to:

A. $25.23.

B. $27.83.

C. $29.46.

Assuming an annual discount rate of 5%, which of the following is closest to the value of a 10-year, 6% coupon, $1000 par value bond with semi-annual payments?

A. $1077.2.

B. $1077.9.

C. $1075.0.

On March 23, 2013, a 5-year US government bond with a face value of $1,000 that makes annual coupon payments at a coupon rate 8% was going to be issued. Now there are two two other trading US Treasure bonds. The first one is a 5-year bond with a face value of $1,000 and a coupon rate of 9%, issued that morning and being traded at a price of $1030, the second one is a 10-year bond with a face value of $1,000 and a coupon rate of 8%, issued on March 22, 2008 and being traded at a price of $980. Which one is can be used as comparable asset to evaluate the issued bond?

A、The first one

B、The second one

C、Both of the first and the second

D、None of the first and the second

PERSONAL INCOME TAX RATE (MONTHLY) (_VALID FROM SEPT. 1, 2011_) bracket grading tax rate (%) (TR) simple coefficient (SC) 1 less than 1,500 3 0 2 1,500-4,500 10 105 3 4,500-9,000 20 555 4 9,000-35,000 25 1005 5 35,000-55,000 30 2755 6 55,000-80,000 35 5505 7 Over 80,000 45 13505 NoteTax=(income -3500)*TR-SC The above chart shows individual income tax in China. The tax free threshold is 3,500 RMB per month. The tax rates are divided into 7 brackets. The lowest rate is 3% for income between 3,501 and 5,000, while the highest rate is 45% for income over 80,000. Therefore, the higher our income is, the more tax we should pay. ? Tax, which can be used in public services such as education, road construction, public health and so on, is very important to our country. As we all know, tax makes up a great part of our country’s revenue, and the development of our country depends on it. ? From what has been discussed above, we can see that it is everyone’s legal duty to pay tax because taxes contribute to the country and create benefits for everyone. Those who try to evade taxation are sure to be punished. In short, paying tax is our responsibility to society. DECIDE IF EACH OF THE FOLLOWING STATEMENTS IS TRUE (T) OR FALSE (F).

1. The purpose of the passage is to help people know the tips how to pay less tax.()

2. According to the chart, if a person’s monthly is 3600 yuan, he/she doesn’t need to pay tax.()

3. How much income tax a person pays each month depends on how much his/her income is.()

4. The underlined word “evade” in the last paragraph means increase.()

5. Personal income taxes are included in a government’s revenue.()

A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). In 2014, the taxpayer was charged by the tax authority with committing an act of tax evasion in 2002.

Which of the following statements is correct?

A.The taxpayer must pay the additional taxes due, plus a late payment surcharge and a penalty

B.There is no need for the taxpayer to pay any additional taxes, late payment surcharge or penalty as the statute of limitation is ten years

C.The taxpayer must pay the additional taxes, but no late payment surcharge or penalty as the statute of limitation is ten years for late payment surcharge and penalties

D.The taxpayer must pay the additional taxes and a late payment surcharge but not a penalty as the statute of limitation is five years for penalties