CFA固定收益证券答案2023

绪论单元测试

1.The nominal risk-free rate is best described as the sum of the real risk-free rate and a
A:expected inflation premium B:liquidity risk premium C:maturity risk premium
答案:A
2.A bank quotes a stated annual interest rate of 4.00%. If that rate is equal to an effective annual rate of 4.08%, then the bank is compounding interest
A:daily B:semi-annually C:quarterly
答案:A
3.The value in six years of $75,000 invested today at a stated annual interest rate of 7% compounded quarterly is closest to
A:$113,330 B:$113,733 C:$112,555
答案:B
4.a client requires $100,000 one year from now. If the stated annual rate is 2.50% compounded weekly, the deposit needed today is closest to
A:97532 B:97500 C:97561
答案:A
5.An investment pays $300 annually for five years, with the first payment occurring today. The present value of the investment discounted at a 4% annual rate is closest to
A:$1,625 B:$1,389 C:$1,336
答案:B
6.A sweepstakes winner may select either a perpetuity of $2,000 a month beginning with the first payment in one month or an immediate lump sum payment of $350,000. If the annual discount rate is 6% compounded monthly, the present value of the perpetuity is
A:greater than the lump sum B:less than the lump sum C:equal to the lump sum
答案:A
7.A sports car, purchased for $200,000, is financed for five years at an annual rate of 6% compounded monthly. If the first payment is due in one month, the monthly payment is closest to
A:3957 B:3847 C:3867
答案:C
8.Which of the following provisions is a benefit to the issuer?
A:Call provision B:Put provision C:Conversion provision
答案:A
9.Grandparents are funding a newborn's future university tuition costs, estimated at $50,000/year for four years, with the first payment due in 18 years. Assuming a 6% effective annual rate, the required deposit today is closest to
A:60699 B:64341 C:68201
答案:B
10.Given a stated annual interest rate of 6% compounded quarterly, the level amount that，deposited quarterly, will grow to $25,000 at the end of 10 years is closest to
A:474 B:836 C:461
答案:C