MOOC CFA固定收益证券(首都经济贸易大学)1206627804 最新慕课完整章节测试答案

第一章测试题

1、单选题：
​A 10-year bond was issued four years ago. The bond is denominated in US dollars, offers a coupon rate of 10% with interest paid semi-annually, and is currently priced at 102% of par. The bonds‎
选项：
A: tenor is six years
B: nominal rate is 5%
C: redemption value is 102% of the par value
D: 空
答案: 【 tenor is six years】

2、单选题：
​The legal contract that describes the form of the bond, the obligations of the issuer, and the rights of the bondholders can be best described as a bond’s‏
选项：
A: covenant
B: indenture
C: debenture
D: 空
答案: 【 indenture】

3、单选题：
‎Which of the following is a type of external credit enhancement?​
选项：
A: Covenants
B: A surety bond
C: Overcollaterization
D: 空
答案: 【 A surety bond】

4、单选题：
​An affirmative covenant is most likely to stipulate:‎
选项：
A: limits on the issuer's leverage ratio
B: how the proceeds of the bond issue will be used
C: the maximum percentage of the issuers gross assets that can be sold
D: 空
答案: 【 how the proceeds of the bond issue will be used】

5、单选题：
‎Which of the following best describes a negative bond covenant? The issuer is​
选项：
A: prohibited from investing in risky projects
B: required to pay taxes as they come due
C: required to maintain its current lines of business
D: 空
答案: 【 prohibited from investing in risky projects】

6、单选题：
‎A South African company issues bonds denominated in pound sterling that are sold to investors in the United Kingdom. These bonds can be best described as‏
选项：
A: Eurobonds
B: global bonds
C: foreign bonds
D: 空
答案: 【 foreign bonds】

7、单选题：
​If interest rates are expected to increase, the coupon payment structure most likely to benefit the issuer is a​
选项：
A: step-up coupon
B: inflation-linked coupon
C: cap in a floating-rate note
D: 空
答案: 【 cap in a floating-rate note】

8、单选题：
‏Which of the following provisions is a benefit to the issuer?‍
选项：
A: Put provision
B: Call provision
C: Conversion provision
D: 空
答案: 【 Call provision】

9、单选题：
‌Investors seeking some general protection against a poor economy are most likely to select a​
选项：
A: deferred coupon bond
B: credit-linked coupon bond
C: payment-in-kind coupon bond
D: 空
答案: 【 credit-linked coupon bond】

10、单选题：
‌Relative to an otherwise similar option-free bond. a​
选项：
A: putable bond will trade at a higher price
B: callable bond will trade at a higher price
C: convertible bond will trade at a lower price
D: 空
答案: 【 putable bond will trade at a higher price】

第二章测试题

1、单选题：
‍The distinction between investment grade debt and non-investment grade debt is best described by‏
选项：
A: tax status
B: credit quality
C: maturity dates
D: 空
答案: 【 credit quality】

2、单选题：
‎Compared with developed markets bonds, emerging markets bonds most likely‌
选项：
A: offer lower yields
B: exhibit higher risk
C: benefit from lower growth prospects
D: 空
答案: 【 exhibit higher risk】

3、单选题：
‍In an underwritten offering, an investment bank that underwrites a bond issue most likely‎
选项：
A: buys and resells the newly issued bonds to investors or dealers
B: acts as a broker and receives a commission for selling the bonds to investors
C: incurs less risk associated with selling the bonds than in a best efforts offering
D: 空
答案: 【 buys and resells the newly issued bonds to investors or dealers】

4、单选题：
‌In major developed bond markets, newly issued sovereign bonds are most often sold to the public via a(n)‎
选项：
A: auction
B: private placement
C: best efforts offering
D: 空
答案: 【 auction】

5、单选题：
‍A liquid secondary bond market allows an investor to sell a bond at‎
选项：
A: the desired price
B: a price at least equal to the purchase price
C: a price close to the bond's fair market value
D: 空
答案: 【 a price close to the bond's fair market value】

6、单选题：
​A mechanism by which an issuer may be able to offer additional bonds to the general public without preparing a new and separate offering circular best describes‍
选项：
A: the grey market
B: a shelf registration
C: a private placement
D: 空
答案: 【 a shelf registration】

7、单选题：
‍Which of the following statements relating to commercial paper is most accurate?‍
选项：
A: There is no secondary market for trading commercial paper
B: Only the strongest, highly rated companies issue commercial paper
C: Commercial paper is a source of interim financing for long-term projects
D: 空
答案: 【 Commercial paper is a source of interim financing for long-term projects】

8、单选题：
‍For the issuer, a sinking fund arrangement is most similar to a‌
选项：
A: term maturity structure
B: serial maturity structure
C: bondholder put provision
D: 空
答案: 【 serial maturity structure】

9、单选题：
‏Which of the following is a source of wholesale funds for banks?​
选项：
A: Demand deposits
B: Money market accounts
C: