投资学第7版Test-Bank答案
本页仅作为文档封面，使用时可以删除
This document is for reference only-rar21year.March
Multiple Choice Questions
1. The current yield on a bond is equal to ________. A) annual interest divided by the current market price B) the yield to maturity C) annual interest divided by the par value D) the internal rate of return E) none of the above
Answer: A Difficulty: Easy
Rationale: A is current yield and is quoted as such in the financial press.
2. If a 7% coupon bond is trading for $, it has a current yield of ____________ percent. A) B) C) D) E)
Answer: E Difficulty: Easy Rationale: 70/975 = .
3. If a 6% coupon bond is trading for $, it has a current yield of ____________ percent. A) B) C) D) E)
Answer: B Difficulty: Easy Rationale: 60/950 = .
4. If an 8% coupon bond is trading for $, it has a current yield of ____________ percent. A) B) C) D) E)
Answer: A Difficulty: Easy Rationale: 80/1025 = .
5. If a % coupon bond is trading for $, it has a current yield of ____________ percent.
A) B)
投资学第7版Test-Bank答案
