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1、Chapter10-BondPricesandYieldsChapter10BondPricesandYields?MultipleChoiceQuestions?1.?Theinvoicepriceofabondisthe______.?A.?statedorflatpriceinaquotesheetplusaccruedinterestB.?statedorflatpriceinaquotesheetminusaccruedinterestC.?bidpriceD.?averageofthebidandaskprice?2.?Sinkingfundsarecommonlyvie
2、wedasprotectingthe_______ofthebond.?A.?issuerB.?underwriterC.?holderD.?dealer?3.?Acollateraltrustbondis_______.?A.?securedbyothersecuritiesheldbythefirmB.?securedbyequipmentownedbythefirmC.?securedbypropertyownedbythefirmD.?unsecured?4.?Amortgagebondis_______.?A.?securedbyothersecuritiesheldbyt
3、hefirmB.?securedbyequipmentownedbythefirmC.?securedbypropertyownedbythefirmD.?unsecured?5.?Adebentureis_________.?A.?securedbyothersecuritiesheldbythefirmB.?securedbyequipmentownedbythefirmC.?securedbypropertyownedbythefirmD.?unsecured?10-23Chapter10-BondPricesandYields6.?BondsissuedintheU.S.ar
4、e__________andmostbondsissuedoverseasare___________.?A.?bearerbonds;registeredbondsB.?registeredbonds;bearerbondsC.?straightbonds;convertiblebondsD.?puttablebonds;callable?7.?Floatingratebondshavea__________thatisadjustedwithcurrentmarketinterestrates.?A.?maturitydateB.?couponpaymentdateC.?coup
5、onrateD.?dividendyield?8.?Inflation-indexedTreasurysecuritiesarecommonlycalled____.?A.?PIKsB.?CARsC.?TIPSD.?STRIPS?9.?Whendiscussingbonds,convexityrelatestothe_______.?A.?shapeofthebondpricecurvewithrespecttointerestratesB.?shapeoftheyieldcurvewithrespecttomaturityC.?slopeoftheyieldcurvewithres
6、pecttoliquiditypremiumsD.?sizeofthebid-askspread?10.?AJapanesefirmissuedandsoldapounddenominatedbondintheUnitedKingdom.AU.S.firmissuedbondsdenominatedindollarsbutsoldthebondsinJapan.Whichoneofthefollowingstatementsiscorrect??A.?BothbondsareexamplesofEurobonds.B.?TheJapanesebondisaEurobondandthe
7、U.S.bondistermedaforeignbond.C.?TheU.S.bondisaEurobondandtheJapanesebondistermedaforeignbond.D.?NeitherbondisaEurobond.?10-23Chapter10-BondPricesandYields11.?TheprimarydifferencebetweenTreasurynotesandbondsis________.?A.?maturitya