Fixed Income科目中的CFA一級精選題是不是能做對

Fixed Income科目中的CFA一級精選題是不是能做對呢？雖說CFA一級考試中這個科目的知識點占比不高，但是考生備考中也不能忽視這個科目的知識，我們一起做一下這個科目的知識點！

1、Elaine Wong has purchased an 8%coupon bond for $1,034.88 with 3 years to maturity. At what rate must the coupon payments be reinvested to produce a 5% yield-to-maturity rate?

A. 8%

B. 6.5%

C. 5%

Answer：C

C is correct. Yield-to-maturity measure assumes that the coupon payments can be reinvested at the yield-to-maturity.In this case, it’s 5%. C is the correct answer.

2、The zero-volatility spread is a measure of the spread off：

A.one point on the Treasury yield curve.

B. all points on the Treasury yield curve.

B.C. all points on the Treasury spot curve.

Answer：C

Instead of measuring the spread to YTM, the zero-volatility spread measures the spread to Treasury spot rates necessary to produce a spot rate curve that correctly prices a risky bond. Therefore B is incorrect.

The zero-volatility spread is the equal amount that we must add to each rate on the Treasury spot yield curve in order to make the present value of the risky bond’s cash flow equal to its market price. Therefore A is incorrect.

CFA考試備考不是說一下子就能學(xué)會的，需要考生不斷的做題，這邊有相關(guān)的考試題庫可以輔助考生學(xué)習(xí)，需要可以在線咨詢，如果你是備考CFA一級考試，這邊有CFA備考資料和課程，需要可以添加微信。