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第5单元-金融考试题-西南财经大学天府学院

发布时间：2023-02-10 00:35:40 来源：文档文库

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FinancialMarketsandInstitutions,7e(MishkinChapter5HowDoRiskandTermStructureAffectInterestRates?5.1MultipleChoice1ThetermstructureofinterestratesisAtherelationshipamonginterestratesofdifferentbondswiththesameriskandmaturity.Bthestructureofhowinterestratesmoveovertime.Ctherelationshipamongthetermstomaturityofdifferentbondsfromdifferentissuers.Dtherelationshipamonginterestratesonbondswithdifferentmaturitiesbutsimilarrisk.Answer:D2TheriskstructureofinterestratesisAthestructureofhowinterestratesmoveovertime.Btherelationshipamonginterestratesofdifferentbondswiththesamematurity.Ctherelationshipamongthetermstomaturityofdifferentbonds.Dtherelationshipamonginterestratesonbondswithdifferentmaturities.Answer:B3Whichofthefollowinglong-termbondsshouldhavethelowestinterestrate?ACorporateBaabondsBU.S.TreasurybondsCCorporateAaabondsDMunicipalbondsAnswer:D4Whichofthefollowinglong-termbondsshouldhavethehighestinterestrate?ACorporateBaabondsBU.S.TreasurybondsCCorporateAaabondsDMunicipalbondsAnswer:A5TheriskpremiumoncorporatebondsbecomessmallerifAtheriskinessofcorporatebondsincreases.Btheliquidityofcorporatebondsincreases.Ctheliquidityofcorporatebondsdecreases.Dtheriskinessofcorporatebondsdecreases.EeitherBorDoftheaboveoccur.Answer:E
6BondswithrelativelylowriskofdefaultarecalledAzerocouponbonds.Bjunkbonds.Cinvestment-gradebonds.Dnoneoftheabove.Answer:C7BondswithrelativelyhighriskofdefaultarecalledABradybonds.Bjunkbonds.Czerocouponbonds.Dinvestment-gradebonds.Answer:B8Acorporationsufferingbiglossesmightbemorelikelytosuspendinterestpaymentsonitsbonds,therebyAraisingthedefaultriskandcausingthedemandforitsbondstorise.Braisingthedefaultriskandcausingthedemandforitsbondstofall.Cloweringthedefaultriskandcausingthedemandforitsbondstorise.Dloweringthedefaultriskandcausingthedemandforitsbondstofall.Answer:B9(IIfacorporationsuffersbiglosses,thedemandforitsbondswillrisebecauseofthehigherinterestratesthefirmmustpay.(IIThespreadbetweentheinterestratesonbondswithdefaultriskanddefault-freebondsiscalledtheriskpremium.A(Iistrue,(IIfalse.B(Iisfalse,(IItrue.CBotharetrue.DBotharefalse.Answer:B10Holdingeverythingelseconstant,ifacorporationbeginstosufferlargelosses,thenthedefaultriskonitsbondswill________andtheexpectedreturnonthosebondswill________.Aincrease:increaseBdecrease;increaseCincrease;decreaseDdecrease;decreaseAnswer:C

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