Consider two bonds, F and G. Both bonds presently are selling at their par value of $1,000. Each pays interest of $90 annually. Bond F will mature in 15 years while bond G will mature in 26 years. If the yields to maturity on the two bonds change from 9% to 10%,（）.

A.0.07%

B.2.6%

C.93.0%

D.The default correlation cannot be calculated with the information provided.

A.lower.

B.higher.

C.The same.

n and the other has not. The return on the callable bond should be______.

A．higher than that on the noncallable bond

B．lower than that on the noncallable bond

C．the same as that on the noncallable bond

D．that one cannot tell which one of the two bonds should have a higher return

the other is not. The return on the convertible bond should be______.

A．higher than that on the unconvertible bond

B．lower than that on the nonconvertible bond

C．the same as that on the nonconvertible bond

D．that one cannot tell which one of the two bonds should have a higher return

ives its owner the right to convert the bond to a fixed number of shares of the issuer’s common stock. The convertibility option in the second bond cannot be exercised for five years. The bonds are otherwise identical. Compared with the yield on the convertible bond, the yield on the bond with the embedded option is most likely:

A. lower.

B. the same.

C. higher.

A、Highest coupon rate.

B、Coupon rate closest to its market yield.

C、Lowest coupon rate.

ds rise, the price of putable bonds will fall less quickly than similar option-free bonds (beyond a critical point) due to the increase in value of the embedded put option. Statement 2: As yields fall, the price of putable bonds will rise more quickly than similar option-free bonds (beyond a critical point) due to the increase in value of the embedded put option. Are these statements correct or incorrect？ Statement 1 Statement 2

A.Correct Incorrect

B.Correct Correct

C.Incorrect Incorrect

D.Incorrect Correct

膨胀为2％，哪种债券收益会更高？如果预期通货膨胀为8％呢？如果你居住在瑞士，你愿意把1000美元投资于哪种债券？如果你生活在巴西呢？ Consider an economy in which there are two types of bonds．Bonds A pay a 10 percent nominal interest rate．Bonds B are indexed bonds and their real interest rate is 5 percent．Which one yields a higher return if people expect inflation to be 2 percent？What if expected inflation is 8 percent？In which bonds would you prefer to have$1，000 if you lived in Switzerland？If you lived in Brazil？

ly to have the greatest reinvestment risk？

A. Bond A

B. Bond B

C. Bond C

answer choices and match them to the type of organism to which they relate. TWO of the answer choices will NOT be used. This question is worth 4 points.Answer Choices (A)rock climbing (B)indoor climbing (C)environmental bonds (D)a variety of climbing places (E)climbing permits (F)ice climbing (G)professional equipment (H)climbing competitions (I)alpine climbing