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【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.
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参考答案：
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【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.
【单选题】An upward-sloping yield curve ________
A.
may be an indication that interest rates are expected to increase.
B.
may incorporate a liquidity premium.
C.
may reflect the confounding of the liquidity premium with interest rate expectations.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】Calculate the price at the beginning of year 1 of a 10% annual coupon bond with face value $1,000 and 5 years to maturity.$r(0,1)=5.8$%, $f(1,2)=6.4$%, $f(2,3)=7.1$%, $f(3,4)=7.3$%, $f(4,5)=7.4$%.
A.
$1,105
B.
$1,132
C.
$1,179
D.
$1,150
E.
$1,119
【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$943.402881.683808.884742.09What is the price of a 4-year maturity bond...
A.
$742.09
B.
$1,222.09
C.
$1,000.00
D.
$1,141.92
E.
None of the options are correct.
【单选题】What is the price of a 2-year maturity bond with a 5% coupon rate paid annually? (Par value = \$1,000.)Suppose that all investors expect that interest rates for the 4 years will be as follows:$r(0,1)=...
A.
$1,092.97
B.
$1,054.24
C.
$1,028.51
D.
$1,073.34
E.
None of the options are correct.
【单选题】The yield curve is a component of ________
A.
the Dow Jones Industrial Average.
B.
the consumer price index.
C.
the index of leading economic indicators.
D.
the producer price index.
E.
the inflation index.
【单选题】The expectations theory of the term structure of interest rates states that ________
A.
forward rates are determined by investors' expectations of future interest rates.
B.
forward rates exceed the expected future interest rates.
C.
yields on long- and short-maturity bonds are determined by the supply and demand for the securities.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】Ceteris paribus, the duration of a bond is positively correlated with the bond's________
A.
time to maturity.
B.
coupon rate.
C.
yield to maturity.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】Suppose that all investors expect that interest rates for the 4 years will be as follows:$r(0,1)=3$%, $f(1,2)=4$%, $f(2,3)=5$%, $f(3,4)=6$%.What is the price of 3-year zero-coupon bond with a par valu...
A.
$889.08
B.
$816.58
C.
$772.18
D.
$765.55
E.
None of the options are correct.
相关题目：
【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.
【单选题】An upward-sloping yield curve ________
A.
may be an indication that interest rates are expected to increase.
B.
may incorporate a liquidity premium.
C.
may reflect the confounding of the liquidity premium with interest rate expectations.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】Calculate the price at the beginning of year 1 of a 10% annual coupon bond with face value $1,000 and 5 years to maturity.$r(0,1)=5.8$%, $f(1,2)=6.4$%, $f(2,3)=7.1$%, $f(3,4)=7.3$%, $f(4,5)=7.4$%.
A.
$1,105
B.
$1,132
C.
$1,179
D.
$1,150
E.
$1,119
【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$943.402881.683808.884742.09What is the price of a 4-year maturity bond...
A.
$742.09
B.
$1,222.09
C.
$1,000.00
D.
$1,141.92
E.
None of the options are correct.
【单选题】What is the price of a 2-year maturity bond with a 5% coupon rate paid annually? (Par value = \$1,000.)Suppose that all investors expect that interest rates for the 4 years will be as follows:$r(0,1)=...
A.
$1,092.97
B.
$1,054.24
C.
$1,028.51
D.
$1,073.34
E.
None of the options are correct.
【单选题】The yield curve is a component of ________
A.
the Dow Jones Industrial Average.
B.
the consumer price index.
C.
the index of leading economic indicators.
D.
the producer price index.
E.
the inflation index.
【单选题】The expectations theory of the term structure of interest rates states that ________
A.
forward rates are determined by investors' expectations of future interest rates.
B.
forward rates exceed the expected future interest rates.
C.
yields on long- and short-maturity bonds are determined by the supply and demand for the securities.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】Ceteris paribus, the duration of a bond is positively correlated with the bond's________
A.
time to maturity.
B.
coupon rate.
C.
yield to maturity.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】Suppose that all investors expect that interest rates for the 4 years will be as follows:$r(0,1)=3$%, $f(1,2)=4$%, $f(2,3)=5$%, $f(3,4)=6$%.What is the price of 3-year zero-coupon bond with a par valu...
A.
$889.08
B.
$816.58
C.
$772.18
D.
$765.55
E.
None of the options are correct.
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