International Bond Market

a

International Bond Market

Your Results: The correct answer for each question is indicated by a

International Bond Market

.

International Bond Market

Which of the following is true regarding ownership of a bearer bond?

International Bond Market

International Bond Market

International Bond Market

International Bond Market

International Bond Market

Possession is evidence of ownership.

International Bond Market

A)

International Bond Market

The owner's name is on the bond and registered with the issuer.

International Bond Market

B)

International Bond Market

The owner's name is registered with the issuer but not on the bond.

International Bond Market

C)

International Bond Market

2 CORRECT

International Bond Market

The owner's name is assigned to the serial number on the bond.

International Bond Market

D)

International Bond Market

Feedback: Correct!

International Bond Market

International Bond Market

Eurobonds are usually

International Bond Market

International Bond Market

International Bond Market

registered bonds. A) bearer bonds. B)

International Bond Market

floating-rate, callablem and convertible. C)

3 CORRECT denominated in the currency of the country that they are sold in. D) Feedback: Correct! Other things equal, investors will generally ______________ on bearer bonds than on registered bonds of comparable

terms.

demand a higher credit rating A) demand a higher yield B) accept a lower yield C)

4

demand a higher credit rating and higher yield D) Feedback: Correct! Six-month U.S. dollar LIBOR is currently 4.375%, and your firm issues floating-rate notes indexed to six-month U.S.

dollar LIBOR plus 50 basis points. What is the amount of the next semi-annual coupon payment per U.S. $1,000 of face value?

$43.75 A) $48.75 B) $24.375 C)

5 CORRECT $46.875 D) Feedback: The correct equation is 0.5 × $1,000 × (0.04375 + 0.005) = $24.375. Consider a 10 percent euro/British pound dual currency bond that pays 2,000 at maturity per £1,000 of par value. What

is the implicit /£ exchange rate at maturity?

2.00 = £1.00 A)

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