智慧树知到《CFA固定收益证券》章节测试答案

绪论单元测试

1、The nominal risk-free rate is best described as the sum of the real risk-free rate and a

A.liquidity risk premium

B.maturity risk premium

C.expected inflation premium

正确答案：expected inflation premium

2、A bank quotes a stated annual interest rate of 4.00%.If that rate is equal to an effective annual rate of 4.08%， then the bank is compounding interest

A.semi-annually

B.quarterly

C.daily

正确答案：daily

3、The value in six years of $75，000 invested today at a stated annual interest rate of 7% compounded quarterly is closest to

A.$112，555

B.$113，330

C.$113，733

正确答案：$113，733

4、a client requires $100，000 one year from now.If the stated annual rate is 2.50% compounded weekly， the deposit needed today is closest to

A.97500

B.97561

C.97532

正确答案：97532

5、An investment pays $300 annually for five years， with the first payment occurring today.The present value of the investment discounted at a 4% annual rate is closest to

A.$1，336

B.$1，389

C.$1，625

正确答案：$1，389

6、A sweepstakes winner may select either a perpetuity of $2，000 a month beginning with the first payment in one month or an immediate lump sum payment of $350，000.If the annual discount rate is 6% compounded monthly， the present value of the perpetuity is

A.equal to the lump sum

B.less than the lump sum

C.greater than the lump sum

正确答案：greater than the lump sum

7、A sports car， purchased for $200，000， is financed for five years at an annual rate of 6% compounded monthly.If the first payment is due in one month， the monthly payment is closest to

A.3867

B.3847

C.3957

正确答案：3867

8、Which of the following provisions is a benefit to the issuer？

A.Call provision

B.Conversion provision

C.Put provision

正确答案：Call provision

9、Grandparents are funding a newborn's future university tuition costs， estimated at $50，000/year for four years， with the first payment due in 18 years.Assuming a 6% effective annual rate， the required deposit today is closest to

A.64341

B.68201

C.60699

正确答案：64341

10、Given a stated annual interest rate of 6% compounded quarterly， the level amount that，deposited quarterly， will grow to $25，000 at the end of 10 years is closest to

A.474