According to the efficient market hypothesis, the current price of a financial security ().
A. is the discounted net present value of future interest payments
B. is determined by the highest successful bidder
C. fully reflects all available relevant information
D. is a result of none of the above
查看答案
How expectations are formed is important because expectations influence ().
A. the demand for assets
B. bond prices
C. the risk structure of interest rates
D. the term structure of interest rates
E. all of the above
When the federal government's budget deficit decreases, the () curve for bonds shifts to the ().
A. demand; right
B. demand; left
C. supply; left
D. supply; right
A credit market instrument that pays the owner the face value of the security at the maturity date and nothing prior to then is called a ().
A. simple loan
B. fixed-payment loan
C. coupon bond
D. discount bond
A bond's future payments are called its ().
A. cash flows
B. maturity values
C. discounted present values
D. yields to maturity
微信支付 
支付宝支付