当前位置： 找题吧 >  CFA特许金融分析师 CFA考试LevelⅠ
[单选题]

Use the following information to answer Questions 10 and 1
　 Consider $1,000,000 par value, 10-year, 6.5% coupon bonds issued on January 1, 2005. The bonds are callable and there is a sinking fund provision. The market rate for similar bonds is currently 5.7%. The main points of the prospectus are summarized as follows:
　 Call dates and prices:
　 ·2005 through 2009: 103.
　 ·After January 1, 2010: 102.
　 Additional information:
　 ·The bonds are non-refundable.
　 ·The sinking fund provision requires that the company redeem $100,000 of the principal amount each year. Bonds called under the terms of the sinking fund provision will be redeemed at par.
　 ·The credit rating of the bonds is currently the same as at issuance.Using only the preceding information, Gould should conclude that:

A.the bonds do not have call protection.

B.the bonds were issued at and currently trade at a premium.

C.given current rates,the bonds will likely be called and new bonds issued.

参考答案与解析：

相关试题

Use the following information to answer Questions 10 and 1<br />　 Consider $1,000,000 par valu

[单选题]Use the following information to answer Questions 10 and 1　 Consider $1,000

  • 查看答案

    • Use the following data to answer Questions 40 and 4<br />　　Jayco, Inc., sells 10,000 units at

    [单选题]Use the following data to answer Questions 40 and 4　　Jayco, Inc., sells 10,

  • 查看答案

    • Use the following data to answer Questions 40 and 4<br />　　Jayco, Inc., sells 10,000 units at

    [单选题]Use the following data to answer Questions 40 and 4　　Jayco, Inc., sells 10,

  • 查看答案

    • Use the following information to answer Questions 32 and 33.<br />　　At the beginning of the ye

    [单选题]Use the following information to answer Questions 32 and 33.　　At the beginn

  • 查看答案

    • Use the following information to answer Questions 32 and 33.<br />　　At the beginning of the ye

    [单选题]Use the following information to answer Questions 32 and 33.　　At the beginn

  • 查看答案

    • Use the information in the following table to answer Questions 11 through 13.<br /><img bor

    [单选题]Use the information in the following table to answer Questions 11 through 1

  • 查看答案

    • Use the information in the following table to answer Questions 11 through 13.<br /><img bor

    [单选题]Use the information in the following table to answer Questions 11 through 1

  • 查看答案

    • Use the information in the following table to answer Questions 11 through 13.<br /><img bor

    [单选题]Use the information in the following table to answer Questions 11 through 1

  • 查看答案

    • An analyst gathered the following data about a company:<br />·1,000,000 shares of common are o

    [单选题]An analyst gathered the following data about a company:·1,000,000 shares of

  • 查看答案

    • Use the following data to answer Questions 1 through 8.<br />　　Firm issues a $10 million bond

    [单选题]Use the following data to answer Questions 1 through 8.　　Firm issues a $10

  • 查看答案

    • Use the following information to answer Questions 10 and 1<br />　 Consider $1,000,000 par valu