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【单选题】
The present value of growth opportunities (PVGO) is equal to________I) the difference between a stock's price and its no-growth value per share.II) the stock's price.III) zero if its return on equity equals the discount rate.IV) the net present value of favorable investment opportunities.
A.
I and IV
B.
II and IV
C.
I, III, and IV
D.
II, III, and IV
E.
III and IV
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参考答案：
举一反三
【单选题】You purchased an annual interest coupon bond one year ago that now has six years remaining until maturity. The coupon rate of interest was 10%, and par value was $1,000. At the time you purchased the ...
A.
$1,057.50.
B.
$1,075.50.
C.
$1,088.50.
D.
$1.092.46.
E.
$1,104.13.
【单选题】Consider a 5-year bond with a 10% coupon that has a present yield to maturity of 8%. If interest rates remain constant, one year from now, the price of this bond will be ________
A.
higher.
B.
lower.
C.
the same.
D.
$1,000.
E.
Cannot be determined.
【单选题】The yield curve shows at any point in time________
A.
the relationship between the yield on a bond and the duration of the bond.
B.
the relationship between the coupon rate on a bond and time to maturity of the bond.
C.
the relationship between yield on a bond and the time to maturity on the bond.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】Structure of interest rates is ________
A.
the relationship between the rates of interest on all securities.
B.
the relationship between the interest rate on a security and its time to maturity.
C.
the relationship between the yield on a bond and its default rate.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】An inverted yield curve is one ________
A.
with a hump in the middle.
B.
constructed by using convertible bonds.
C.
that is relatively flat.
D.
that plots the inverse relationship between bond prices and bond yields.
E.
that slopes downward.
【单选题】A 10% coupon bond with annual payments and 10 years to maturity is callable in three years at a call price of \$1,100. If the bond is selling today for $975, the yield to call is ________
A.
10.26%.
B.
10.00%.
C.
9.25%.
D.
13.98%.
E.
None of the options are correct.
【单选题】Which of the following combinations will result in a sharply-increasing yield curve?________
A.
Increasing future expected short rates and increasing liquidity premiums
B.
Decreasing future expected short rates and increasing liquidity premiums
C.
Increasing future expected short rates and decreasing liquidity premiums
D.
Increasing future expected short rates and constant liquidity premiums
E.
Constant future expected short rates and increasing liquidity premiums
【单选题】According to the expectations hypothesis, an upward-sloping yield curve implies that ________
A.
interest rates are expected to remain stable in the future.
B.
interest rates are expected to decline in the future.
C.
interest rates are expected to increase in the future.
D.
interest rates are expected to decline first, then increase.
E.
interest rates are expected to increase first, then decrease.
【单选题】The following is a list of prices for zero-coupon bonds with different maturities and par values of $1,000.Maturity (Years)Price1$943.402881.683808.884742.09According to the expectations theory, what ...
A.
7.00%
B.
7.33%
C.
9.00%
D.
11.19%
E.
None of the options are correct.
【单选题】A coupon bond that pays interest semi-annually has a par value of $1,000, matures in seven years, and has a yield to maturity of 11%. The intrinsic value of the bond today will be ________ if the coup...
A.
$922.78
B.
$894.51
C.
$1,075.80
D.
$1,077.20
E.
None of the options are correct.
相关题目：
【单选题】You purchased an annual interest coupon bond one year ago that now has six years remaining until maturity. The coupon rate of interest was 10%, and par value was $1,000. At the time you purchased the ...
A.
$1,057.50.
B.
$1,075.50.
C.
$1,088.50.
D.
$1.092.46.
E.
$1,104.13.
【单选题】Consider a 5-year bond with a 10% coupon that has a present yield to maturity of 8%. If interest rates remain constant, one year from now, the price of this bond will be ________
A.
higher.
B.
lower.
C.
the same.
D.
$1,000.
E.
Cannot be determined.
【单选题】The yield curve shows at any point in time________
A.
the relationship between the yield on a bond and the duration of the bond.
B.
the relationship between the coupon rate on a bond and time to maturity of the bond.
C.
the relationship between yield on a bond and the time to maturity on the bond.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】Structure of interest rates is ________
A.
the relationship between the rates of interest on all securities.
B.
the relationship between the interest rate on a security and its time to maturity.
C.
the relationship between the yield on a bond and its default rate.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】An inverted yield curve is one ________
A.
with a hump in the middle.
B.
constructed by using convertible bonds.
C.
that is relatively flat.
D.
that plots the inverse relationship between bond prices and bond yields.
E.
that slopes downward.
【单选题】A 10% coupon bond with annual payments and 10 years to maturity is callable in three years at a call price of \$1,100. If the bond is selling today for $975, the yield to call is ________
A.
10.26%.
B.
10.00%.
C.
9.25%.
D.
13.98%.
E.
None of the options are correct.
【单选题】Which of the following combinations will result in a sharply-increasing yield curve?________
A.
Increasing future expected short rates and increasing liquidity premiums
B.
Decreasing future expected short rates and increasing liquidity premiums
C.
Increasing future expected short rates and decreasing liquidity premiums
D.
Increasing future expected short rates and constant liquidity premiums
E.
Constant future expected short rates and increasing liquidity premiums
【单选题】According to the expectations hypothesis, an upward-sloping yield curve implies that ________
A.
interest rates are expected to remain stable in the future.
B.
interest rates are expected to decline in the future.
C.
interest rates are expected to increase in the future.
D.
interest rates are expected to decline first, then increase.
E.
interest rates are expected to increase first, then decrease.
【单选题】The following is a list of prices for zero-coupon bonds with different maturities and par values of $1,000.Maturity (Years)Price1$943.402881.683808.884742.09According to the expectations theory, what ...
A.
7.00%
B.
7.33%
C.
9.00%
D.
11.19%
E.
None of the options are correct.
【单选题】A coupon bond that pays interest semi-annually has a par value of $1,000, matures in seven years, and has a yield to maturity of 11%. The intrinsic value of the bond today will be ________ if the coup...
A.
$922.78
B.
$894.51
C.
$1,075.80
D.
$1,077.20
E.
None of the options are correct.
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