题目内容

An analyst reviews a corporate bond indenture that contains these two covenants:
1） The borrower will pay interest semi-annually and principal at maturity.
2） The borrower will not incur additAn analyst reviews a corporate bond indenture that contains these two covenants:
1） The borrower will pay interest semi-annually and principal at maturity.
2） The borrower will not incur addit

A. Both are affirmative covenants.
B. Covenant 1 is negative and Covenant 2 is affirmative.
Covenant 1 is affirmative and Covenant 2 is negative.

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Which is most likely considered a secondary source of liquidity？

A. Trade credit.
B. Liquidating long-term assets.
Centralized cash management system.

Which of the following most likely trades in the secondary markets？

A. Open-end funds
B. Closed-end funds
C. Unit investment trusts

Consider a $100 par value bond with a 7% coupon paid annually and 5 years to maturity. At a discount rate of 6.5%, the value of the bond today is $102.08. One day later, the discount rate rises to 7.5

A. Increases then decreases
B. Decreases then increases
C. Decreases then remains unchanged

Financial risk is most likely affected by:

A. dividends
B. long-term leases
C. General and administrative costs