第一章Fixed-Income Securities Defining the Elements. 固定收益证券的基本要素。

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: Pu

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