现代财务管理题库 .docVIP

2014-2015二《现代财务管理》期末机考题库（C7） 单选题 ( )is?a?debt?issue?that?is?secured?by?specific?physical?assets?of?the?issuing??company. A A Mortgage bond B Debenture C Income bond D Subordinated debenture ( )?is?an?unsecured?debt?issue.??The?quality?of?the?debt?issue?depends?on?the??general?credit-worthiness?of?the?issuing?company.? B A Mortgage bond B Debenture C Income bond D Subordinated debenture ( )?is a?bond?that?promises?to?pay?interest?only?if?the?issuing?firm?earns???sufficient?income,?otherwise?no?interest?obligation?exists.?? C A Mortgage bond B Debenture C Income bond D Subordinated debenture ( )?is?an?unsecured?debt?issue?that?is?“junior”?to?other?types?of?debt,including bank loans,and may even be junior to all of a firm’s other debt. ? D A Mortgage bond B Debenture C Income bond D Subordinated debenture The relationship between a bonds price and the yield to maturity D changes at a constant level for each percentage change of yield to maturity. is an inverse relationship is an linear relationship a and b . For a firm paying 7% for new debt, the higher the firms tax rate B the higher the after-tax cost of debt. the lower the after-tax cost of debt. After-tax cost is unchanged. not enough information to judge. A bond will sell ( )if the required rate of return is greater than the coupon rate. A A. at a discount B. at par value C. at a premium D. none of above A bond will sell ( ) if the required rate of return is equal to the coupon rate. B A. at a discount B. at par value C. at a premium D. none of above A bond will sell ( ) if the required rate of return is less than the coupon rate. C A. at a discount B. at par value C. at a premium D. none of above which is the rate of return expected to be earned if a bond is purchased at a given price and held until maturity? ( ) A A. The yield-to-maturity B. The coupon or current yield C. the value of a bond D. the price of a bond which of the following is