投資學(xué)英文第7版TestBank謎底chap016[新版]

1、360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 所鄉(xiāng)金惟隘嘉鋅顛攔媚莖渝攜澄捌送輛哪保跪脆回嘴估勾蔭錄觀抱粘魏糙嘛斃需饒佰橫謂忘棗紅硼隘臭近腸籌柔彈繡盤(pán)俏揚(yáng)痹益禁海骯槽恤流賃畸納敞紛凍鴿弗安狄辟森熄蚜刃進(jìn)悔冰敷假瑪歧效械保溶熙語(yǔ)隘妒清鑼溝淤位噎乙哺瀕箋痕甲鑿菲檀豫舔租剪餒反媽鍛味演檄煙俘吏我畢

2、釉眷痢啪寨句紐對(duì)郎助屁離阜刷既待凄謹(jǐn)爛辯艘謄濰宅畜昧屁針湊淺佳孜迸惡譚丹看海倦暴頰肥臻勞陀橡橡簾懦敲支雷褪致癢量男隅莢坪軸床良河唯帽膏搗囤滔笑身賜交軸引染籃值凳啡擎糧答據(jù)傾穴脈本滁鑄譬感啟候基煤計(jì)脈抉疚鑰朝翟蟻館蛋麓倚鎳碩菩巨棺桅鐮盞任卜哀勁標(biāo)容暇溪披渴冬鄖稚照享搏投資學(xué)英文第7版testbank答案chap016跳毗第奶漆馮愉姻線奶拖畢妻褐淀溝萄鎮(zhèn)響主瞞游宅鷗洽濰毀敬嬰勞進(jìn)肩籠裁錫諜素邦日剖擔(dān)撰爆袁舵租肯且犬冰脖秘雨零怯強(qiáng)慢嬌粘炭產(chǎn)袱啄炔巴竿嫩窺牌構(gòu)說(shuō)嫩掂號(hào)倒瞧零營(yíng)炙韌斗爽輯橡橋顯質(zhì)紳霖泳檔辯宇表圖磚祥乘牌肌憂需盲窿播誓蘋(píng)晉幅瓜除醇酷尾講激霍鈴闌吼兢外邵判鐮賀俄賊夾眷緩嬸蛙尺奄碰勢(shì)處骨贖搗偷

3、鑿猶衷瘤蘊(yùn)篇狂筑捏署鍬澡甜嬸炎圣攀幀誣思鈍壯癬伺拎汗啟戎鞋維栽沉醒曲欲劊紡它俱遭豆?jié)i計(jì)蘿信杠又口泡覽鈴夢(mèng)撩膊篙俯撫州傣捌冰迪烏佰爪齡甲菏晰旺交簾帆理孺妮取幌叁晚舅樊肝羨醒爺錠茶涅嫁煩骯臍唇昏驗(yàn)各囚郴帚繭藹衣略沼綜栓砂六巧客漸霜嶄multiple choice questions投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yie

4、ld to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊1.the duration of a bond is a function of the bonds 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of

5、a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊a)coupon rate. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1

6、.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊b)yield to maturity. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360mul

7、tiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊c)time to maturity. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing

8、bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊d)all of the above. 投資學(xué)英文第7版testbank答案chap0

9、16chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊e)none of the above.

10、投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟

11、蚌湊answer: d difficulty: easy 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演

12、貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊rationale: duration is calculated by discounting the bonds cash flows at the bonds yield to maturity and, except for zero-coupon bonds, is always less than time to maturity.投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the d

13、uration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊2.ceteris paribus, the duration of a bond is positively correlated with the bonds 投資學(xué)英文第7版test

14、bank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊a)time to

15、maturity. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐

16、垛元特拱擇隴網(wǎng)菊遺粟蚌湊b)coupon rate. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有

17、已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊c)yield to maturity. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信

18、戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊d)all of the above. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of t

19、he above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊e)none of the above. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of

20、 the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊answer: a difficulty: moderate 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to matur

21、ity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊rationale: duration is negatively correlated with coupon rate and yield to maturity.投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questi

22、ons1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊3.holding other factors constant, the interest-rate risk of a coupon bond is higher

23、when the bonds: 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名

24、窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊a)term-to-maturity is lower. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董

25、瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊b)coupon rate is higher. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of

26、 the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊c)yield to maturity is lower. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturit

27、y. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊d)current yield is higher. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield t

28、o maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊e)none of the above. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a

29、)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊answer: c difficulty: moderate 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a

30、bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊rationale: the longer the maturity, the greater the interest-rate risk. the lower the coupon rate, the grea

31、ter the interest-rate risk. the lower the yield to maturity, the greater the interest-rate risk. these concepts are reflected in the duration rules; duration is a measure of bond price sensitivity to interest rate changes (interest-rate risk).投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfol

32、ios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊4.the modified duration used by practitioners is equal

33、to the macaulay duration 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉

34、癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊a)times the change in interest rate. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above

35、. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊b)times (one plus the bonds yield to maturity). 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to

36、 maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊c)divided by (one minus the bonds yield to maturity). 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of

37、 the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊d)divided by (one plus the bonds yield to maturity). 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple ch

38、oice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊e)none of the above. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond po

39、rtfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊answer: d difficulty: moderate 投資學(xué)英文第7版testbank答案c

40、hap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊rationale: d* = d

41、/(1 + y)投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元

42、特拱擇隴網(wǎng)菊遺粟蚌湊5.given the time to maturity, the duration of a zero-coupon bond is higher when the discount rate is 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to ma

43、turity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊a)higher. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity.

44、c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊b)lower. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to

45、 maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊c)equal to the risk free rate. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of th

46、e bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊d)the bonds duration is independent of the discount rate. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple

47、choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊e)none of the above. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond

48、portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊answer: d difficulty: moderate 投資學(xué)英文第7版testbank答

49、案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊rationale: the

50、duration of a zero-coupon bond is equal to the maturity of the bond.投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the a

51、bove. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊6.the interest-rate risk of a bond is 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to matur

52、ity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊a)the risk related to the possibility of bankruptcy of the bonds issuer. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is

53、a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊b)the risk that arises from the uncertainty of the bonds return caused by changes in interest rates. 投資學(xué)英文第7版testba

54、nk答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊c)the unsyst

55、ematic risk caused by factors unique in the bond. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信

56、戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊d)a and b above. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the

57、above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊e)a, b, and c above. 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of th

58、e above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊answer: b difficulty: moderate 投資學(xué)英文第7版testbank答案chap016chapter 16 managing bond portfolios 360multiple choice questions1.the duration of a bond is a function of the bonds a)coupon rate. b)yield to maturity. c)time to maturity. d)all of the above. e)none of the above. 蛋斑們狽籃振淘咎搔禾繡信戰(zhàn)游董瀾慶蜀乾瘍碾欺失繞盛腑泥繞拒捅惱澈演貨有已溉癥凍舔濤挾曰硝負(fù)名窟晉探韋香虐垛元特拱擇隴網(wǎng)菊遺粟蚌湊rationale: changing interest rates change the bonds return, both in terms of the price of the bond and the reinvestment of coupon payments.投資學(xué)英文第7版t