发布时间 : 星期日 文章兹维博迪金融学第二版试题库08TB更新完毕开始阅读
16. Consider a five-year pure discount bond with a face value of $1,000. If its current price is $780, what
is its annualized yield?
(a) 5.09% (b) 2.82% (c) 1.28% (d) 1.05%
Answer: (a)
17. A ________ obligates the issuer to make periodic payments of interest to the bondholder for the life
of the bond and then to pay the face value of the bond when the bond matures.
(a) pure discount (b) zero-coupon (c) perpetual bond (d) coupon bond
Answer: (d)
18. The ________ of the bond is interest rate applied to the ________ of the bond to compute the
periodic payment.
(a) coupon rate; face value (b) maturity rate; face value (c) coupon rate; price (d) maturity rate; price
Answer: (a)
19. For a bond with a face value of $1,000 and coupon rate of 11%, what is the annual coupon payment?
(a) $100 (b) $110 (c) $1,000 (d) $1,100
Answer: (b)
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20. For a bond with a face value of $1,000 and a coupon rate of 9%, what is the annual coupon payment?
(a) $90 (b) $99 (c) $1,000 (d) $1,190
Answer: (a)
21. If the market price of a coupon bond equals its face value, it is also termed a ________.
(a) par bond
(b) premium bond (c) discount bond
(d) zero-discount bond
Answer: (a)
22. If the bond’s market price is higher than its face value, it is termed a ________.
(a) par bond
(b) premium bond (c) discount bond
(d) zero-discount bond
Answer: (b)
23. If the bond’s market price is lower than its face value, it is termed a ________.
(a) par bond
(b) premium bond (c) discount bond (d) zero-par bond
Answer: (c)
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24. If a bond selling for $850 has an annual coupon payment of $80 and a face value of $1,000, what is
its current yield?
(a) 8.00% (b) 9.41% (c) 17.65% (d) 27.05%
Answer: (b)
25. If a bond selling for $1,120 has an annual coupon payment of $110 and a face value of $1,000, what
is its current yield?
(a) 8.90% (b) 9.82% (c) 10.71% (d) 11.00%
Answer: (b)
26. If a bond selling for $900 has an annual coupon payment of $80 and a face value of $1,000, what is
its current yield?
(a) 8.00% (b) 8.89% (c) 11.00% (d) 20.00%
Answer: (b)
27. The ________ is the discount rate that makes the present value of the bond’s stream of promised cash
payments equal to its price.
(a) compound rate (b) yield to maturity (c) coupon rate (d) current yield
Answer: (b)
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28. Suppose you are considering buying a one-year 11% coupon bond with a face value of $1,000 and a
current price of $1,020. What is its yield to maturity?
(a) 8.82% (b) 9.00% (c) 10.78% (d) 11.00%
Answer: (a)
29. Suppose you are considering buying a one-year 11% coupon bond with a face value of $1,000 and a
current price of $1,050. What is its yield to maturity?
(a) 4.76% (b) 5.71% (c) 6.00% (d) 10.48%
Answer: (b)
30. Suppose you are considering buying a five-year 11% coupon bond with a face value of $1,000 and a
current price of $950. What is its yield to maturity?
(a) 5.62% (b) 9.63% (c) 11.58% (d) 12.40%
Answer: (d)
31. Suppose you are considering buying a five-year 11% coupon bond with a face value of $1,000 and a
current price of $1,100. What is its yield to maturity?
(a) 3.87% (b) 8.47% (c) 10.00% (d) 13.62%
Answer: (b)
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