Sản phẩm & Rủi roCâu 37 / 398
For a bond purchased at a discount, which of the following relationships is correct?
a.Coupon rate < current yield < yield to maturity
b.Coupon rate > current yield > yield to maturity
c.Coupon rate = current yield = yield to maturity
d.Yield to maturity < coupon rate < current yield
Giải thích
For a discount bond, the yields rank from lowest coupon to highest yield to maturity: coupon < current yield < YTM, because the investor also gains the difference between the discounted purchase price and par at maturity. The premium bond shows the reverse order, and only a par bond has all three equal.
Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- When market interest rates rise, the prices of existing fixed-rate bonds generally:
- A bond trading at a price below its par value is said to be trading at:
- A bond has a 6% coupon and is currently priced at $1,200 (a premium). Its current yield is:
- Yield to maturity (YTM) is best described as the total return an investor earns if the bond is:
- If a bond's current yield is 5% and its coupon rate is 5%, the bond is most likely trading at:
- Two bonds are identical except for maturity. Which bond's price will generally change MORE for a given change in interest rates?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Securities Industry Essentials (SIE) Exam · Quy trình kiểm tra