FMFQ 試験問題を無料オンラインアクセス

You purchase a USD Treasury Bill. Which of the following sentences best describes the trade you have done?

• A.You have purchased an interest rate risk free security for which you have paid less than face value and will receive at maturity face value
• B.You have purchased a credit risk free security for which you have paid face value and will receive at maturity face value plus accrued interest
• C.You have purchased a credit risk free security for which you have paid less than face value and will receive at maturity face value
• D.You have purchased an interest rate risk free security for which you have paid face value and will receive at maturity face value plus accrued interest

An EUR-denominated Eurobond matures on 15 January 2017 and pays an annual coupon of 5% on an act/act basis. The bond is trading at a yield to maturity of 6% for settlement on 10 March 2015. Which of the following ststements is true of its clean price?

• A.Its price will be above 100
• B.Its price will be below 100
• C.Need more information
• D.Its price will be 100

The yield to maturity of a bond is calculated with reference to which of the following:?

• A.Coupon, maturity, redemption and current value only
• B.Coupon and maturity only
• C.Coupon, maturity, redemption value, current value and expected sale price only
• D.Coupon, maturity and redemption value only

The dirty price of a bond is which of the following:

• A.Clean price + interest of the period from the last coupon payment date
• B.The same as the clean price
• C.Clean price + trading commissions
• D.Clean price + interest of the period from settlement until the next coupon payment date

A company's share price fall below its net asset value. The company is then the subject of a takeover after which rather than being run as a going concern it is broken up and its assets sold to achieve maximum value. This is an example of which of the following strategies?

• A.Asset stripping
• B.Leveraged buyout
• C.Mergers & Acquisitions
• D.Leveraged investment