1% significance 5% significance 10% significance
A) Reject Fail to reject Fail to reject
B) Fail to reject Fail to reject Reject
C) Reject Reject Reject
D) Fail to reject Reject Reject
第1题
Mei Tekei just celebrated her 22nd birthday. When she is 27, she will receive a $100,000 inheritance. Tekei needs funds for the down payment on a co-op in Manhattan and has found a bank that will give her the present value of her inheritance amount, assuming an 8.0% stated annual interest rate with continuous compounding. Will the proceeds from the bank be sufficient to cover her down payment of $65,000?
A) Yes, Tekei will receive $68,058.
B) No, Tekei will only receive $49,182.
C) No, Tekei will only receive $61,878.
D) Yes, Tekei will receive $67,028.
第2题
Bond A is now trading at 97.384 with 8 years to maturity and a YTM of 5.38% and duration of 6.45, its price value of a basis point (PVBP) isclosest to:
A. 0.0524
B. 0.0628
C. 0.0779
第3题
Which of the following is an advantage of the full value approach to measuring the interest rate risk of a bond portfolio relative to the duration/convexity approach?
A. less time consuming.
B. easier to model.
C. more accurate.
第4题
Which of the following is a shortcoming of the full value approach to measuring the interest rate risk of a bond portfolio, compared to the duration/convexity approach?
A. It ignores the impact of embedded options.
B. It is relatively time consuming.
C. It cannot be used for stress testing.
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