MOOC 金融学(北京师范大学)1460881168 最新慕课完整章节测试答案
Bond & Yields
文章目录
Bond & Yields 单元测验
1、单选题：
The yield to maturity on a bond is
选项：
A: the interest paid divided by the price of the bond
B: the bond's coupon divided by the principal amount
C: the price appreciation earned by the bond
D: interest plus price appreciation (or loss) achieved by holding the bond to maturity
答案: 【 interest plus price appreciation (or loss) achieved by holding the bond to maturity】
2、单选题：
The value of a bond depends on1. the bond's coupon2. the maturity date3. possible interest rates earned on competitive bonds
选项：
A: 1 and 2
B: 1 and 3
C: 2 and 3
D: 1, 2, and 3
答案: 【 1, 2, and 3】
3、单选题：
If interest rates in general fall
选项：
A: the prices of existing bonds rise
B: the prices of existing bonds fall
C: the prices of existing bonds are unaffected
D: the coupon rate adjusts for the change in interest rates
答案: 【 the prices of existing bonds rise】
4、单选题：
If a bond is selling for a discount, that implies__________1. interest rates have fallen2. interest rates have risen3. the yield to maturity exceeds the current yield4. the yield to maturity is less than the current yield
选项：
A: 1 and 3
B: 1 and 4
C: 2 and 3
D: 2 and 4
E: None
答案: 【 2 and 3】
5、单选题：
Which of the following is not true if interest rates rise?
选项：
A: Existing bonds may be called back.
B: Prices of existing bonds fall.
C: The yield to maturity rises more than the current yield.
D: The market price of a zero coupon bond falls.
答案: 【 Existing bonds may be called back.】
6、单选题：
The yield to maturity assumes that _____________
选项：
A: the bond will be called back
B: the coupon will increase with higher interest rates
C: the coupon will decrease with lower interest rates
D: the bond will not be called back
答案: 【 the bond will not be called back】
7、单选题：
The current yield on a bond is _______
选项：
A: coupon interest paid divided by the bond's price
B: the bond's coupon
C: the interest rate stated on the bond
D: the yield over the lifetime of the bond
答案: 【 coupon interest paid divided by the bond's price】
8、单选题：
If interest rates in general rise___________
选项：
A: the prices of existing bonds rise
B: the prices of existing bonds fall
C: the prices of matured bonds rise
D: the prices of matured bonds fall
答案: 【 the prices of existing bonds fall】
9、单选题：
If a bond is selling for a premium, that implies ________1. interest rates have risen2. interest rates have fallen3. the yield to maturity exceeds the current yield4. the yield to maturity is less than the current yield
选项：
A: 1 and 3
B: 1 and 4
C: 2 and 3
D: 2 and 4
答案: 【 2 and 4】
10、单选题：
When we estimate the bond value, which inputs may not be given by the indenture?
选项：
A: coupon payments
B: discount interest rate
C: principal
D: maturity
E: None
答案: 【 discount interest rate】
11、单选题：
Which of the following statements is NOT the condition for choosing the comparable interest rate for bond valuation?
选项：
A: the interest rate should be paid by newly issued bonds
B: Comparable bonds should have the same length of time to maturity
C: Comparable bonds may have the same degree of risk
D: Comparable bonds may have the same coupon
答案: 【 Comparable bonds may have the same coupon】
12、单选题：
A bond’s face value is $1,000. Its maturity is three years, and every year it pays $100. The current interest rate is 10% for the following three years. Then the present value of this bond will be_______
选项：
A: 1100
B: 1000
C: 900
D: 952.3
答案: 【 1000】
13、单选题：
There are two bonds with the same face value $1,000. One maturity is three years, while the other one is 5 years. Both bonds have the annual coupon payments $50. Which of the following statement is NOT correct?
选项：
A: For both bonds, higher interest rates cause the bond to sell for a discount.
B: For both bonds, lower interest rates cause the bond to sell for a premium.
C: When the interest rate increases, the price of the 5-year bond is higher than the price of the 3-year bond.
D: When the interest rate decreases, the increase of prices is greater for the 5-year bond than for the 3-year bond.
答案: 【 When the interest rate increases, the price of the 5-year bond is higher than the price of the 3-year bond.】
随堂测验 Section 1
随堂测验：Section 2
随堂测验：Section 3
Features of Bond
Features of Bond 单元测验
1、单选题：
Which of the following bonds is supported by collateral? __
选项：
A: unsecured bonds
B: income bonds
C: equipment trust certificates
D: debentures
答案: 【 equipment trust certificates】
2、单选题：
Default is _____
选项：
A: failure to meet any of the terms of the indenture
B: failure to make dividend payments
C: only failure to make interest payments
D: failure to maintain more assets than liabilities
答案: 【 failure to meet any of the terms of the indenture】
3、单选题：
If a company defaults on its bonds, ______
选项：
A: subordinated debt is redeemed before senior debt
B: equipment trust certificates have an inferior position to income bonds
C: interest continues to accrue but may not be paid
D: debentures have a superior position to other bonds
答案: 【 interest continues to accrue but may not be paid】
4、单选题：
Interest is exempt from federal income taxation for ___
选项：
A: equipment trust certificates
B: zero coupon bonds
C: federal bonds such as savings bonds
D: state of Florida bonds
答案: 【 state of Florida bonds】
5、单选题：
If a company fails to meet the terms of the indenture, it is ___
选项：
A: bankrupt
B: in default
C: profitable
D: in registration
答案: 【 in default】
6、单选题：
Debt instruments subject their owners to risk from ___
1. loss of purchasing power
2. higher credit ratings
3. default
选项：
A: 1 and 2
B: 1 and 3
C: 2 and 3
D: 1, 2, and 3
答案: 【 1 and 3】
7、单选题：
Which of the following bonds is supported by collateral? ____
选项：
A: zero coupon bond
B: mortgage bond
C: debenture bond
D: income bond
答案: 【 mortgage bond】
8、单选题：
If a company enters bankruptcy court, bondholders should realize __
选项：
A: subordinated debt is paid off at face value
B: convertible debt is superior because it may be converted into common stock
C: bondholders may lose their investments
D: stockholders have the superior position
答案: 【 bondholders may lose their investments】
9、单选题：
Which of the following reduces the investor's risk associated with investing in bonds? _____
1. a sinking fund
2. a variable interest rate
3. a call feature
选项：
A: 1 and 2
B: 1 and 3
C: 2 and 3
D: 1, 2, and 3
答案: 【 1 and 2】
10、判断题：
The document stating the terms of a bond is the indenture.
选项：
A: 正确
B: 错误
答案: 【