Question 11 of 71: What is the bond equivalent yield of a 10-year, 6% semi-annual coupon bond priced at 104?
• 5.550%
• 5.475%
• 5.769%
• 5.470%
• 6.530%
Question 12 of 71: What is the effective annual yield of a 10-year, 6% quarterly coupon bond priced at 95?
• 5.425%
• 6.690%
• 6.859%
• 5.318%
• 6.000%
Question 13 of 71: What is the EAY of a semi-annual coupon bond with a BEY of 5.000%?
• 2.500%
• 4.939%
• 5.000%
• 5.063%
• 5.245%
Question 14 of 71: What is the effective annual yield (EAY) of the bond below? Please use the following Apple bond quote on Bloomberg as a reference:
• 3.850%
• 4.494%
• 4.545%
• 4.597%
• 4.655%
Question 15 of 71: What is the quoted yield on a 2-year, 0-coupon US corporate bond priced at 90? (This bond uses the semi-annual compounding convention.)
• 10.819%
• 5.409%
• 5.338%
• 2.669%
• 2.205%
Question 16 of 71: Which of the following instruments are issued at discount and pay par at maturity:
• 1-month T-bill
• 2-year T-note
• 6-month certificate of deposit (CD)
• Overnight repurchase agreement
Question 17 of 71: You purchase a 365-day, $1m CD with a money market yield (MMY) of 6%. At maturity, you receive:
• $1.030m
• $1.059m
• $1.060m
• $1.061m
• $1.062m
Question 18 of 71: Which of the following bonds offers the highest yield to maturity? (Assume all 3 bonds have a 365-day term.)
• A 0-coupon bond, quoted at 6.00% using a bond equivalent yield and semi-annual compounding convention
• A 0-coupon bond, quoted at 6.00% using a bond equivalent yield and annual compounding convention
• A 0-coupon bond, quoted at 6.00% MMY
• All offer an identical YTM
Question 19 of 71: You purchase a 60-day $500m CD with a quoted rate of 6% (rates quoted using MMY). What do you get at maturity?
• $504.9m
• $505.0m
• $505.1m
• $530.0m
• $530.4m
Question 20 of 71: How much do you need to invest in order to receive $1,000 182 days from now given a 4% MMY?
• 961.54
• 980.07
• 980.18
• 980.44
• None of the above