本次美国代写主要为金融管理相关的限时测试
1)下列说法中错误的是?
a) 收益率曲线倒挂通常预示着未来利率的预期下降。
b) 反向收益率曲线通常被解释为对经济增长的积极预测。
c) 所有计算年金和永续年现值的公式都基于
以相同的利率对所有现金流进行贴现。
d) 您购买力的增长率由实际利率决定。
2) 下列关于债券利率风险的说法正确的是
否则相等?
a) 到期时间越短,利率风险越大。
b) 票面利率越高,利率风险越大。
c) 对于以面值出售的债券,不存在利率风险。
d) 半年付息次数越多,利率风险越大。
e) 每次付息金额越低,利率风险越低。
3) 一种年息为 100 美元的债券,最初以 1,000 美元的面值出售。市场兴趣
目前的税率为 12%。该债券将以 _______ 出售,以补偿
_____________。
a) 溢价;低于市场票面利率的买方
b) 折扣;低于市场票面利率的买方
c) 溢价;低于市场票面利率的卖方
d) 折扣;低于市场票面利率的卖方
4) 折扣回报规则规定您应该接受项目:
a) 折现回收期大于某个预先指定的时间段。
b) 如果贴现回报是正的,如果是负的则拒绝。
c) 仅当贴现投资回收期等于某个预先指定的时间段时。
d) 如果贴现投资回收期小于某个预先指定的时间段。
e) 仅当贴现投资回收期等于零时。
5)对于常规现金流的项目,如果其 NPV 小于零,那么下列哪项是
表达式最有可能成立?
a) 投资回收期快于公司要求的截止点。
b) IRR 等于公司要求的回报率。
c) PI 小于 1。
d) PI 大于 1。
e) 贴现投资回收期快于公司要求的截止点。
1) Which of the following statements is false?
a) An inverted yield curve generally signals an expected decline in future interest rates.
b) An inverted yield curve is often interpreted as a positive forecast for economic growth.
c) All the formulas for computing present values of annuities and perpetuities are based upon
discounting all of the cash flows at the same rate.
d) The rate of growth of your purchasing power is determined by the real interest rate.
2) Which one of the following statements is correct concerning interest rate risk as it relates to bonds, all
else equal?
a) The shorter the time to maturity, the greater the interest rate risk.
b) The higher the coupon rate, the greater the interest rate risk.
c) For a bond selling at par value, there is no interest rate risk.
d) The greater the number of semiannual interest payments, the greater the interest rate risk.
e) The lower the amount of each interest payment, the lower the interest rate risk.
3) A bond with an annual coupon payment of $100 originally sold at par for $1,000. Market interest
rates are currently 12%. This bond would be selling at a _______ in order to compensate
_______________ .
a) premium; the purchaser for the below market coupon rate
b) discount; the purchaser for the below market coupon rate
c) premium; the seller for the below market coupon rate
d) discount; the seller for the below market coupon rate
4) The discounted payback rule states that you should accept projects:
a) which have a discounted payback period that is greater than some pre-specified period of time.
b) if the discounted payback is positive and rejected if it is negative.
c) only if the discounted payback period equals some pre-specified period of time.
d) if the discounted payback period is less than some pre-specified period of time.
e) only if the discounted payback period is equal to zero.
5) For a project with conventional cash flows, if its NPV is less than zero, then which of the following
expressions most likely holds?
a) The payback period is faster than the firm’s required cutoff point.
b) The IRR is equal to the firm’s required rate of return.
c) The PI is less than 1.
d) The PI is greater than 1.
e) The discounted payback period is faster than the firm’s required cutoff point.