债券收益（Bond yield）

较平缓的收益曲线说明长期债券与短期债券之间的收益差额趋于递增，而较陡峭的收益曲线预示长短期债券之间的收益差额是递减的。（）

与可转换债券（Convertible Bond）相比，可交换债券（Exchangable Bond）最显著的特征是（）。

抵押债券的收益高于信用债券，长期债券的收益高于中短期债券。

“反向的”收益率曲线意味着（）。 1.预期市场收益率会上升； 2.短期债券收益率比长期债券收益率高； 3.预期市场收益率会下降； 4.长期债券收益率比短期债券收益率高。

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?

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

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.

The current yield is a less accurate approximation of the yield to maturity the _________ the time to maturity of the bond and the _________ the price is from/to the par value.

A semi-annualcorporate bond has a face value of $1,000, a yield to maturity of 6.9 percent,and a coupon rate of 6.5 percent.The bond matures 8 years from today. This bond:

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?

An analyst determines that the cash flow yield of GNMA Pool 3856 is 0.382% per month. What is the bond equivalent yield？

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

下列说法中，正确的是（）。Ⅰ.在最高级和最低级之间，尽管这些公司的债券评级分类有所不同，但是基本上都将债券分成两类：投资级和投机级Ⅱ.标准•普尔和惠誉的AAa一级，以及穆迪的Baa3级以上等级的债券是投资级债券Ⅲ.投资级债券的称谓源于监管机构规定保险公司和共同基金等投资者持有一定量的高信用等级的债券Ⅳ.投机级债券又被称为高收益债券（high - yield bond）或垃圾债券（junk bon

下列说法中，正确的是（）。Ⅰ在最高级和最低级之间，尽管这些公司的债券评级分类有所不同，但是基本上都将债券分成两类：投资级和投机级Ⅱ标准．普尔和惠誉的AAa一级，以及穆迪的Baa3级以上等级的债券是投资级债券Ⅲ投资级债券的称谓源于监管机构规定保险公司和共同基金等投资者持有一定量的高信用等级的债券Ⅳ投机级债券又被称为高收益债券（high-yield bond）或

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

考虑其它条款相同的“20年期纯贴现债券（Pure Discount Bond）”和“20年期、票面利率为8%的附息债券（Coupon Bond）”两种债券。一旦市场利率提高，那么，“20年期纯贴现债券”的价格将（）

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:

Question 2 Jane Walker has set a 7% yield as the goal for the bond portion of her portfolio. To achieve this goal, she has purchased a 7%, 15-year corporate bond at a discount price of 93.50. What amount of reinvestment income will she need to earn over this 15-year period to achieve a compound return of 7% on a semiannual basis？

A newly issued ten-year option-free bond is valued at par on 1 June 2005. The bond has an annual coupon of 8.0 percent. On 1 June 2008, the bond has a yield to maturity of 7.1 percent. The first coupo

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

Consider three bonds that have the same yield to maturity and maturity. The bond with the greatest reinvestment risk is most likely the one selling at:

If a 15-year, $1,000 U.S. semiannually zero-coupon bond is priced to yield 10 percent, what is its market price？