Chapter 10 Bond Prices and Yields - This area is password ：10章债券价格和收益率，这个地区是密码.doc

Chapter 10 Bond Prices and Yields ? Multiple Choice Questions? 1.?The invoice price of a bond is the ______.?A.?stated or flat price in a quote sheet plus accrued interestB.?stated or flat price in a quote sheet minus accrued interestC.?bid priceD.?average of the bid and ask price ? 2.?Sinking funds are commonly viewed as protecting the _______ of the bond.?A.?issuerB.?underwriterC.?holderD.?dealer ? 3.?A collateral trust bond is _______.?A.?secured by other securities held by the firmB.?secured by equipment owned by the firmC.?secured by property owned by the firmD.?unsecured ? 4.?A mortgage bond is _______.?A.?secured by other securities held by the firmB.?secured by equipment owned by the firmC.?secured by property owned by the firmD.?unsecured ? 5.?A debenture is _________.?A.?secured by other securities held by the firmB.?secured by equipment owned by the firmC.?secured by property owned by the firmD.?unsecured ? 6.?Bonds issued in the U.S. are __________ and most bonds issued overseas are ___________.?A.?bearer bonds; registered bondsB.?registered bonds; bearer bondsC.?straight bonds; convertible bondsD.?puttable bonds; callable ? 7.?Floating rate bonds have a __________ that is adjusted with current market interest rates.?A.?maturity dateB.?coupon payment dateC.?coupon rateD.?dividend yield ? 8.?Inflation-indexed Treasury securities are commonly called ____.?A.?PIKsB.?CARsC.?TIPSD.?STRIPS ? 9.?When discussing bonds, convexity relates to the _______.?A.?shape of the bond price curve with respect to interest ratesB.?shape of the yield curve with respect to maturityC.?slope of the yield curve with respect to liquidity premiumsD.?size of the bid-ask spread ? 10.?A Japanese firm issued and sold a pound denominated bond in the United Kingdom. A U.S. firm issued bonds denominated in dollars but sold the bonds in Japan. Which one of the following statements is correct??A.?Both bonds are examples of Eurobonds.B.?The Japanese b