YOU SCORED
{{Score}}/10

Question 1

Sorry, that's incorrect.
The Correct Answer is Give a borrower the maximum flexibility for issuing securities on a continuous basis.
Which of the following statements is most accurate? Medium-term notes:

Question 2

Sorry, that's incorrect.
The Correct Answer is Accelerated sinking fund provision.
Which of the following features is most likely designed to benefit a bond issuer?

Question 3

Sorry, that's incorrect.
The Correct Answer is Single-price auction.
In an auction, an investor bids for a new issue of bonds at a yield of 1.30%, and is awarded the bonds at a yield of 1.32%. The investor has most likely participated in a:

Question 4

Sorry, that's incorrect.
The Correct Answer is Offering day.
In a primary market offering, the last day when investors can commit to buy a bond is most likely the:

Question 5

Sorry, that's incorrect.
The Correct Answer is Global bond.

A Euro denominated bond issued simultaneously in the Eurobond market and the German market by a company incorporated in Germany is best characterized as a:

Question 6

Sorry, that's incorrect.
The Correct Answer is Both credit spreads and benchmark rates.

A company with only one bond outstanding plans to issue a bond with a longer maturity. Using matrix pricing, the required yield to maturity on the longer-dated bond is estimated by adding to the outstanding bond’s discount rate the difference(s) in:

Question 7

Sorry, that's incorrect.
The Correct Answer is Firm commitment offering.

A mechanism where an investment bank underwrites a bond issue best describes a:

Question 8

Sorry, that's incorrect.
The Correct Answer is The grey market.

Which of the following does an underwriter most likely use to determine the level of investor interest and the pricing for a bond issue?

Question 9

Sorry, that's incorrect.
The Correct Answer is Shelf registration.

When issuing bonds to the general public, which of the following issuance mechanisms is most likely an option for only well-established issuers?

Question 10

Sorry, that's incorrect.
The Correct Answer is Is not yet issued.

Matrix pricing is most likely used to estimate the price of a bond that: