广东金融学院期末考试试题.docVIP

广东金融学院期末考试试题 2007 —2008 学年第二学期 A卷 考试科目：金融市场学（双语） (闭 卷 分钟)_________ 姓名_________ I. Define the following terms. (15%) 1 Treasury Notes 2 Repurchase Agreements 3 Currency Forwards 4 CDO 5 Hedge Funds Ⅱ. Decide whether the following statements are true or false. (10%) 1. A bond’s current market value is equal to the present value of the coupon payments plus the present value of the face amount.( ) 2. Discounting the future is the procedure used to find the future value of a dollar received today.( ) 3. The current yield is the best measure of an investor’s return from holding a bond.( ) 4. Unless a bond defaults, an investor cannot lose money investing in bonds.( ) 5. The current yield is the yearly coupon payment divided by the current market price.( ) 6 Governments never issue stock because they cannot sell ownership claims.( ) 7 Most of new equity issues are preferred stock.( ) 8 The issuer of Treasury bond in the US is the Fed. ( ) 9 Common stock is the riskiest corporate security, followed by preferred stock and then bonds.( ) 10 Dividend of common stock is fixed. ( ) Ⅲ. Choose the best answer to each of the following question. (30%) 1 Money market instruments issued by the U.S. Treasury are called (a) Treasury bills. (b)Treasury notes. (c) Treasury bonds. (d) Treasury strips. 2 The presence of _________ in financial markets leads to adverse selection and moral hazard problems that interfere with the efficient functioning of financial markets. (a) noncollateralized risk (b) free-riding (c) asymmetric information (d) costly state verification 3 The primary reason that individuals and firms choose to borrow long-term is to reduce the risk that interest rates will _________ before they pay off their debt. (a) rise (b)fall (c) become more volatile (d) become more stable 4 Compared to money market securities, capital