"Fixed Income Investments": Defining Elements

来源: 正保会计网校编辑：小鞠橘桔 2020/10/16 10:05:28　字体：大小

学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！

Questions 1:

Zet Bank has entered into a contract with Louly Corporation in which Zet agrees to buy a 2.5% US Treasury bond maturing in 10 years and promises to sell it back next month at an agreed-on price. From Zet Bank’s perspective, this contract is best described as a:

A、 repo.

B 、collateralized loan.

C、 reverse repo.

Questions 2:

Which of the following bonds are most likely to be bearer bonds?

A、 Foreign bonds

B 、Domestic bonds

C、 Eurobonds

View answer resolution

【Answer to question 1】C

【analysis】

C is correct. A reverse repo (repurchase agreement) is collateralized cash lending by purchasing an underlying security now and selling it back in the future.

A is incorrect because it is the contract known for Louly Corporate as a collateralized borrowing, i.e., repo.

B is incorrect because collateralized short-term borrowing involves selling the security and subsequently repurchasing the collateral posted.

【Answer to question 2】C

【analysis】

C is correct. Most Eurobonds are bearer bonds, meaning that the trustee does not keep records of who owns the bonds; only the clearing system knows who the bond owners are.

A is incorrect because most domestic bonds are registered bonds.

B is incorrect because most foreign bonds are registered bonds for which ownership is recorded by either name or serial number.

成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯，点击了解>

上一篇："Fixed Income Investments":Defining Elem...

下一篇："Fixed Income Investments":the highest r...