A moral obligation bond is also known as:
A. a general obligation debt.
B. a prerefunded bond.
C. an appropriation-backed obligation.
第1题
On January 1st of the year, an investor purchases $100,000 in par value of a new Treasury Inflation Protection Security (TIPS) issue that has a 3% coupon rate. The annual rate of inflation over the first six months of the year is 3.5% and the annual rate of inflation for the second six months of the year is 4.0%. The amount of coupon interest paid to the investor after the second six months of the year isclosest to:
A. 1,557.
B. 1,577.
C. 1,597.
第2题
An investor is considering floating-rate debt and other investments to protect against unexpected increases in inflation. Her friend states: 1) Treasury Inflation Protected Securities (TIPS) is suitable because the coupon rate is adjusted for inflation semiannually. 2) On-the-run Treasury issues have narrower bid-ask spreads than other Treasury issues.
A. Only statement 1 is correct.
B. Only statement 2 is correct.
C. Both statement 1 and 2 are correct.
第3题
All U.S. Treasury coupon strips are:
A. zero-coupon securities.
B. issued directly by the U.S. Treasury.
C. created from pooled coupon payments of U.S. Treasury securities.
第4题
Recent economic trend suggests that the economy is increasingly likely to enter a recession stage. What is the most likely impact on the yields of lower-quality corporate bonds and on credit spreads of lower-quality versus higher-quality corporate bonds?
A. One will increase and one will decrease.
B. Both will increase.
C. Both will decrease.
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