[单选题]

A corporation issues five-year fixed-rate bonds. Its treasurer expects interest rates to decline for allmaturities for at least the next year. She enters into a one-year agreement with a bank to receive quarterly fixed-rate payments and to make payments based on floating rates benchmarked on three-month LIBOR. This agreement is best described as a:

A.Futures contract.

B.Forward contract.

C.swap.

参考答案与解析:

相关试题

A corporation issues 5-year fixed-rate bonds. Its treasurer expects interest rates to decline for al

[单选题]A corporation issues 5-year fixed-rate bonds. Its treasurer expects interes

  • 查看答案
  • A fixed income portfolio manager wants to take advantage of a forecast decline in interest rates ove

    [单选题]A fixed income portfolio manager wants to take advantage of a forecast decl

  • 查看答案
  • Which of the following 5-year bonds has the highest interest rate risk?

    [单选题]Which of the following 5-year bonds has the highest interest rate risk?A.A

  • 查看答案
  • Information about the coupon rates on the various long-term fixed-rate debt issue of a company can m

    [单选题]Information about the coupon rates on the various long-term fixed-rate debt

  • 查看答案
  • On 1 January 2011 the market rate of interest on a company's bonds is 5% and it issues a bond w

    [单选题]On 1 January 2011 the market rate of interest on a company's bonds is 5% an

  • 查看答案
  • A European company issues a five-year euro-denominated bond with a face value of EUR50,000,000. The

    [单选题]A European company issues a five-year euro-denominated bond with a face val

  • 查看答案
  • For a 10-year floating-rate security, if market interest rates change by 1%, the change in the value

    [单选题]For a 10-year floating-rate security, if market interest rates change by 1%

  • 查看答案
  • A 20-year $1,000 fixed-rate non callable bond with 8% annual coupons currently sells for $1105.94 As

    [单选题]A 20-year $1,000 fixed-rate non callable bond with 8% annual coupons curren

  • 查看答案
  • The EUR/USD spot exchange rate is 0.70145, and 1-year interest rates are 3% in EUR and 2% in USD. Th

    [单选题]The EUR/USD spot exchange rate is 0.70145, and 1-year interest rates are 3%

  • 查看答案
  • Which of the following bonds has the greatest interest rate risk?

    [单选题]Which of the following bonds has the greatest interest rate risk?A.5% 10-ye

  • 查看答案
  • A corporation issues five-year fixed-rate bonds. Its treasurer expects interest rates to decline for