A. Term repo rate
B. Call money rate
C. Broker loan rate
第1题
Which statement regarding sinking funds is least likely correct?
A. Sinking fund provisions require the retirement of a portion of a bond issue in specified amounts prior to the maturity date.
B. Sinking fund redemptions can be accomplished by making cash payment to the trustee who will then retire the required proportion of the bonds.
C. If rates have declined since the bond was issued, companies are likely to choose to retire a proportion of the debt through the delivery of securities.
第2题
A 10-year bond is issued on January 1, 2010. Its contract requires that its coupon rate change over time as shown in the following table:
This security is best described as an example of a:
A. step-up note.
B. inverse floater.
C. deferred coupon bond.
第3题
Which of the following provides the most flexibility for the bond issuer?
A. Put provision
B. Call provision
C. Sinking fund provision
第4题
A 5-year floating-rate security was issued on January 1, 2006. The coupon rate formula was 1-year LIBOR + 300 bps with a cap of 10% and a floor of 5% and annual reset. The 1-year LIBOR rate on January 1st of each year of the security’s life is provided in the following table:
During 2012, the payments owed by the issuer were based on a coupon rate
closest to:
A. 6.5%
B. 5.0%
C. 4.5%
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