A. One will increase and one will decrease.
B. Both will increase.
C. Both will decrease.
第1题
The yield on a U.S. Treasury STRIPS security is also known as the Treasury:
A. spot rate.
B. forward rate.
C. yield spread.
第2题
Larger size debt issues normally have:
A. greater yield spread.
B. the same yield spread with smaller size debt issues.
C. lower yield spread.
第3题
A U.S. investor has purchased a tax-exempt 10-year municipal bond at a yield of 3.75% which is 100 basis points less than the yield on a 10-year option-free U.S. Treasury. If the investor’s marginal tax rate is 33.5%, then taxable equivalent yield and the yield ratio is closest to:
Taxable equivalent yield Yield ratio
A. 7.14 0.79
B. 5.64 0.79.
C. 5.64 1.19.
第4题
An investor whose marginal tax rate is 35% is analyzing a tax-exempt bond offering a yield of 5.40%. The tax-equivalent yield of the bond isclosest to:
A. 8.31%.
B. 3.51%.
C. 6.94%.
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