公司理财精要版原书第12版习题库答案Ross12e_Chapter07_TB.pdfVIP

FundamentalsofCorporateFinance,12e(Ross)

Chapter7InterestRatesandBondValuation

1)Allisonjustreceivedthesemiannualpaymentof$35onabondsheowns.Whichtermrefers

tothispayment?

A)Coupon

B)Facevalue

C)Discount

D)Callpremium

E)Yield

2)Bertownsabondthatwillpayhim$45eachyearininterestplus$1,000asaprincipal

paymentatmaturity.Whatisthe$1,000called?

A)Coupon

B)Facevalue

C)Discount

D)Yield

E)Dirtyprice

3)Adiscountbondscouponrateisequaltotheannualinterestdividedbythe:

A)callprice.

B)currentprice.

C)facevalue.

D)cleanprice.

E)dirtyprice.

4)Abondsprincipalisrepaidonthe________date.

A)coupon

B)yield

C)maturity

D)dirty

E)clean

5)Thebondmarketrequiresareturnof9.8percentonthe5-yearbondsissuedbyJWIndustries.

The9.8percentisreferredtoasthe:

A)couponrate.

B)facerate.

C)callrate.

D)yieldtomaturity.

E)currentyield.

6)Thecurrentyieldisdefinedastheannualinterestonabonddividedbythe:

A)couponrate.

B)facevalue.

C)marketprice.

D)callprice.

E)parvalue.

7)A$1,000parvaluecorporatebondthatpays$60annuallyininterestwasissuedlastyear.

Whichoneofthesewouldapplytothisbondtodayifthecurrentpriceofthebondis$996.20?

A)Thebondiscurrentlysellingatapremium.

B)Thecurrentyieldexceedsthecouponrate.

C)Thebondissellingatparvalue.

D)Thecurrentyieldexceedstheyieldtomaturity.

E)Thecouponratehasincreasedto7percent.

8)Whichoneoftheseequationsappliestoabondthatcurrentlyhasamarketpricethatexceeds

parvalue?

A)MarketvalueFacevalue

B)Yieldtomaturity=Currentyield

C)Marketvalue=Facevalue

D)CurrentyieldCouponrate

E)YieldtomaturityCouponrate

9)Allelseconstant,abondwillsellat________whenthecouponrateis________theyieldto

maturity.

A)apremium;lessthan

B)apremiu