C.maturity dates

正确答案：credit quality

2、Compared with developed markets bonds， emerging markets bonds most likely

A.exhibit higher risk

B.benefit from lower growth prospects

C.offer lower yields

正确答案：exhibit higher risk

3、In an underwritten offering， an investment bank that underwrites a bond issue most likely

A.acts as a broker and receives a commission for selling the bonds to investors

B.buys and resells the newly issued bonds to investors or dealers

C.incurs less risk associated with selling the bonds than in a best efforts offering

正确答案：buys and resells the newly issued bonds to investors or dealers

4、In major developed bond markets， newly issued sovereign bonds are most often sold to the public via a（n）

A.auction

B.private placement

C.best efforts offering

正确答案：auction

5、A liquid secondary bond market allows an investor to sell a bond at

A.the desired price

B.a price at least equal to the purchase price

C.a price close to the bond's fair market value

正确答案：a price close to the bond's fair market value

6、A mechanism by which an issuer may be able to offer additional bonds to the general public without preparing a new and separate offering circular best describes

A.a shelf registration

B.a private placement

C.the grey market

正确答案：a shelf registration

7、Which of the following statements relating to commercial paper is most accurate？

A.There is no secondary market for trading commercial paper

B.Commercial paper is a source of interim financing for long-term projects

C.Only the strongest， highly rated companies issue commercial paper

正确答案：Commercial paper is a source of interim financing for long-term projects

8、For the issuer， a sinking fund arrangement is most similar to a

A.bondholder put provision

B.term maturity structure

C.serial maturity structure

正确答案：serial maturity structure

9、Which of the following is a source of wholesale funds for banks？

A.Demand deposits

B.Negotiable certificates of deposit

C.Money market accounts

正确答案：Negotiable certificates of deposit

10、The repo margin on a repurchase agreement is most likely to be lower when

A.the underlying collateral is in short supply

B.the maturity of the repurchase agreement is long

C.the credit risk associated with the underlying collateral is high