公司理财(英文习题).docx

Corporate Finance Class Test 2Name No. ScoreMarksAssessorPartⅠ:Choice Questions(15questions, 3point each, 45 points total)（Only one choice is the best for each question. Answer this part on the following table. Answers in other places will not be considered.）1234567891011121314151.?An ordinary annuity is best defined by which one of the following??A.?increasing payments paid for a definitive period of timeB.?increasing payments paid foreverC.?equal payments paid at regular intervals over a stated time periodD.?equal payments paid at regular intervals of time on an ongoing basis2.?Your credit card company charges you 1.65 percent interest per month. What is the annual percentage rate on your account??A.?18.95 percentB.?19.80 percentC.?20.90 percentD.?21.25 percent3.?What is the effective annual rate if a bank charges you 9.50 percent compounded quarterly??A.?9.62 percentB.?9.68 percentC.?9.72 percentD.?9.84 percent4?Mary just purchased a bond which pays $60 a year in interest. What is this $60 called??A.?couponB.?face valueC.?discountD.?call premium5.?Bert owns a bond that will pay him $75 each year in interest plus a $1,000 principal payment at maturity. What is the $1,000 called??A.?couponB.?face valueC.?discountD.?yield6.?Currently, the bond market requires a return of 11.6 percent on the 10-year bonds issued by Winston Industries. The 11.6 percent is referred to as which one of the following??A.?coupon rateB.?face rateC.?call rateD.?yield to maturity7.?All else constant, a bond will sell at _____ when the coupon rate is _____ the yield to maturity.?A.?a premium; less thanB.?a premium; equal toC.?a discount; less thanD.?a discount; higher than8.?Which one of the following bonds is the least sensitive to interest rate risk??A.?3-year; 4 percent couponB.?3-year; 6 percent couponC.?5-year; 6 percent couponD.?7-year; 6 percent coupon9.?A 6-year, $1,000 face value bond issued by Taylor Tools pays interest semiannually on February 1 and August 1. Assume today is Octobe