CFA知識點家做題是很多備考的模式,在CFA沖刺備考階段做題是很必要的,那在CFA一級考試中是不是掌握了CFA知識呢?如果你在備考CFA一級考試這邊有CFA一級考試題!
1、Assume that a company with several debt issues trading in the market files for bankruptcy (i.e., a credit event takes place). What is the cheapest-to-deliver obligation for a CDS contract where the reference bond is a five-year senior unsecured bond?
A. A subordinated unsecured bond trading at 20% of par
B. A five-year senior unsecured bond trading at 50% of par
C. A two-year senior unsecured bond trading at 45% of par
解析:選C。A項屬于次級債券,不符合CDS的承保條件。然后相比于50%,45%要小一些。
2、A company borrows €15 million from a bank for 1 year at a rate of LIBOR, currently 4.75%, plus 50 basis points. At the same time, the company enters a 1-year, plain vanilla interest rate swap to pay the fixed rate of 5.25% and receive LIBOR. Payments are made on the basis of 180 days in the settlement period. Floating payments are made on the basis of 360 days in a year while fixed payments are made on the basis of 365 days in a year. LIBOR is 5.00% on the first settlement date. The company’s total interest expense for the loan and swap for the first settlement period is closest to:【單選題】
A.€388,400.
B.€425,900.
C.€444,600.
正確答案:B
解析:The company pays the swap dealer the fixed rate of 5.25%, pays the bank Libor of 4.75% (as set at the beginning of the period) plus .50% and receives Libor of 4.75% from the swap dealer.
Fixed payment: (15,000,000)(.0525)(180/365) = 388,356
Floating payment: (15,000,000)(.0475+.005-.0475)(180/360) = 37,500
Net interest expense: 425,856
CFA考試題是不是不用做了?CFA考試知識掌握來了?如果你覺得CFA考試能通過你可以不做CFA考試題了,這邊有CFA模擬機考測試,有需要可以參與!