When a municipal bond is given tax - free status, the demand for municipal bonds shifts _________, causing the interest rate on the bond to _________

A bond rating of Aa or AA would mean that the quality of the bond is ________

A consol bond is a bond that _________

A sinking fund is a requirement in the bond indenture that the firm pay off a portion of the bond issue each year.

A zero coupon bond iscurrently priced to yield 6.3 percent if held to maturity 14.5 years from now.What is the current price of this bond if theface value is $1,000?

Most municipal bonds are revenue bonds rather than general obligation bonds.

The current yield on a coupon bond is the bond's _________ divided by its _________

When the quantity of bonds demanded equals the quantity of bonds supplied there is ________

Corporate bonds are less risky if they are _________ bonds and municipal bonds are less risky if they are _________ bonds.

An increase in income tax rates will cause the interest rates on tax exempt municipal bonds to fall relative to the interest rate on taxable corporate securities.

Black and White, Inc. offers a 7.5 percent bond with a yield tomaturity of 6.65 percent. The bond pays interest annually and matures in 17years. What is the market price of one of these bonds if the face value is $1,000?

What is the tax-equivalent yield of a 4.5 percent municipal bond if thebondholder is in the 27 percent federal taxbracket? Ignore state and local taxes.

To sell an old bond when rates have risen, the holder will have to discount the bond until the yield to the buyer is the same as the market rate.

Suppose you hold a 1 year annual coupon bond sold by the U.S. government. The bond has a face value of $100, the coupon rate is 5%, and the current yield in the market for this type of bond is also 5%. What is the bond worth?

When the price of a bond is _________ the equilibrium price, there is an excess supply of bonds and the price will _________

The price you pay when you purchase a Treasury bond is the _____ price.

An analyst observes a bond with an annual coupon thats being priced to yield 6.350%. What is this issues bond equivalent yield？

A share repurchase agreement with a highly rated, short in supply, sovereign bond as collateral is associated with:

An investor purchases one municipal（市政债券) and one corporate bond that pay rates of r

Apart from borrowing from hanks, a firm or an individual can obtain funds in a financial market in two ways. The most common method is to issue a (61) , such as a bond or a mortgage, which is a (62) by the borrower to pay the holder of it at (63) until a specified date, when a final payment is made. The (64) of it is the time of expiration date. The second method of raising funds is by issuing (65) , such as common stock, which are claims to share in the net income and the assets of a business.

Question 3 Pam Williams is evaluating whether she should purchase a particular bond. She is primarily concerned with the effective duration of the measure. The bond is a 15-year semiannual pay bond with a 9% coupon that is currently priced at $1,076.50 to yield 8.11%. If the yield changes by 25 basis points, the effective duration of this bond is closest to:

Robin Herring, CFA, is a government bond research analyst at an independent credit rating agency. A competitor credit rating agency just downgraded the bonds of a government Herring follows. Herring n

When a company sells bonds between interest dates they will pay which of the following at the first interest payment date？ ()

When a bond’s price falls, its yield to maturity ________ and its current yield ________.

The interest from Guam Water Authority bonds is excluded from income as "Municipal Bond Interest."（)