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INV617 GROUP 4 - TUTORIAL CHAPTER 1

Total questions: 13

Worksheet time: 13mins

Name
Class
Date
1.

The following shows features of debt securities, EXCEPT

a)

Yield

b)

Par value

c)

Dividend

d)

Provising of paying off bonds

2.

Which of the following is a way to pay off bonds?

a)

Deposit money

b)

Sinking fund provision

c)

Bidding auction

d)

Secondary markets

3.

___ issued by the larger corporations and industrial entities to finance their short-term operations.

a)

Secured bond

b)

Medium term notes (MTN)

c)

Commercial papers

d)

Asset-backed securities (ABS)

4.

The statements given below shows some characteristics of a straight bond,

EXCEPT

a)

A bond with no special features

b)

Fixed income securities in the overnight money market segment of fixed income markets

c)

Has a coupon that is paid to bondholders periodically

d)

The issuer repays the principal at maturity

5.

The promised payments that the issuer agrees to make at the specified dates consist of

a)

Lender or creditor

b)

Interest and principal

c)

Borrower

d)

Ownership interest

6.

____of a bond is the amount that the issuer agrees to repay the bondholder at or by the maturity date.

a)

Coupon rate

b)

Accrued interest

c)

Yield

d)

Par value

7.

The price of a bond with certain types of embedded options depends on ___.

a)

Interest rates level

b)

Market sentiments

c)

Government intervention

d)

Credit ratings

8.

Expected interest-rate volatility surge will influenced the value of option to__.

a)

Remain unchanged

b)

Rises

c)

Drops

d)

Depends on the Macaulay duration

9.

"The primary measure of liquidity is the size of the spread between the bid price and the ask price quoted by a dealer"

Which of the below is considered logic and thinkable?

a)

The narrow the dealer spread, the more liquidity risk.

b)

The wider the dealer spread, the less the liquidity risk.

c)

The more the same the dealer spread, the less the liquidity risk.

d)

The wider the dealer spread, the more the liquidity risk.

10.

Which of the following are types of fixed income securities?

a)

Bond with embedded options

b)

Accrued interest

c)

Provision of paying off bonds

d)

Preferred stock

11.

Bonds that are not contracted to make periodic

coupon payments are called __.

a)

Deferred coupon bond

b)

Straight bond

c)

Derivatives

d)

Zero Coupon Bond

12.

The risk that an issuer’s debt obligation will decline due to an increase in the credit spread.

This is the type of?

a)

Default risk

b)

Credit spread risk

c)

Downgrade risk

13.

These are the characteristics of fixed income securities:

-A bond with no special features.

-The issuer repays the principal at maturity.

What type of characteristics fixed income securities is above?

a)

Straight bond

b)

Bonds with embedded options

c)

Mortgage-backed securities