8006 무료 덤프문제 온라인 액세스

Which of the following statements are true:
I. The convexity of a zero coupon bond maturing in 10 years is more than that of a 4% coupon bond with a modified duration of 10 years II. The convexity of a bond increases in a linear fashion as its duration is increased III. Convexity is always positive for long bond positions IV. The convexity of a zero coupon bond maturing in 10 years is less than that of a 4% coupon bond maturing in 10 years

• A.None of the statements is true
• B.III
• C.II and IV
• D.I and III

Futures initial margin requirements are

• A.determined by the exchange
• B.determined by the members based on the SPAN framework
• C.determined based on the length of the settlement period
• D.determined based on the client's credit history

A US treasury bill with 90 days to maturity and a face value of $100 is priced at $98. What is the annual bond-equivalent yield on this treasury bill?

• A.8.00%
• B.8.11%
• C.8.28%
• D.8.16%

The price of a bond will approach its par as it approaches maturity. This is called:

• A.pull-to-par phenomenon
• B.negative carry
• C.amortization effect
• D.duration adjustment

What would be the expected return on a stock with a beta of 1.2, when the risk free rate is 3% and the broad market index is expected to earn 8%?

• A.7.4%
• B.9.6%
• C.7%
• D.9%