23322085
Descrição
Quiz por Amit Mehta, atualizado more than 1 year ago
|
Criado por Amit Mehta
mais de 4 anos atrás
|
|
Questão 1
Questão
Building a dedicated portfolio of coupon-paying bonds to ensure that there are sufficient cash inflows to pay for scheduled cash outflows does not:
Responda
-
A rely on coupon payments and the maturing or sale of bonds to meet those cash outflows.
-
B qualify for accounting defeasance in which both the assets and the liabilities can be removed from the balance sheet.
-
C potentially suffer from the cash-in-advance constraint since sufficient funds must be available on or before each cash outflow date.
Questão 2
Questão
Consider the following characteristics of a company’s debt liabilities: MV = $50M, ModDur = 6, BPV = 30,000.
The asset portfolio consists of the following: MVbonds = $65M, ModDur = 3, BPV = 19,500, long 70 interest rate futures contracts with a BPV of 75.
The asset manager, following a contingent immunization approach, is:
Responda
-
A over-hedged in anticipation of falling rates.
-
B under-hedged in anticipation of rising rates.
-
C under-hedged in anticipation of falling rates.
Quer criar seus próprios Quizzes gratuitos com a GoConqr? Saiba mais.