"Fixed Income Investments":the bond-equivalent yield

來源: 正保會計網(wǎng)校編輯：大耳朵圖圖 2020/09/10 14:11:29　字體：大小

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Questions 1:

If the yield-to-maturity on an annual-pay bond is 7.75%, the bond-equivalent yield is closest to:

A. 7.90%.

B. 8.05%.

C. 7.61%.

Questions 2:

A South Korean electronics company issued bonds denominated in US dollars in the United States and registered with the SEC. These bonds are most likely known as a:

A. foreign bond.

B. global bond.

C. eurobond.

View answer resolution

【Answer to question 1】（C）

【analysis】

The bond-equivalent yield =

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【Answer to question 2】（A）

【analysis】

Bonds issued by entities that are incorporated in another country are called foreign bonds. Therefore, the bonds issued by a South Korean company in the United States are known as foreign bonds.

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