国际金融（原书第12版） 教学课件 ppt 作者 大卫.艾特曼（David Eiteman）阿瑟.斯通西 chapter 09.pdfVIP

Multinational Business Finance, 12e (Eiteman, et al) Chapter 9 Interest Rate and Currency Swaps 9.1 Defining Interest Rate Risk Multiple Choice 1) The single largest interest rate risk of a firm is ________. A) interest sensitive securities B) debt service C) dividend payments D) accounts payable Answer: B Diff: 2 Topic: 9.1 Defining Interest Rate Risk Skill: Recognition 2) A ________ rate is the rate of interest used in a standardized quotation, loan agreement, or financial derivative valuation. A) reference rate B) central rate C) benchmark rate D) none of the above Answer: A Diff: 2 Topic: 9.1 Defining Interest Rate Risk Skill: Recognition 3) The most widely used reference rate for standardized quotations, loan agreements, or financial derivative valuations is the ________. A) Federal Reserve Discount rate B) federal funds rate C) LIBOR D) one-year U.S. Treasury Bill Answer: C Diff: 2 Topic: 9.1 Defining Interest Rate Risk Skill: Recognition 1 Copyright © 2010 Pearson Education, Inc.  4) LIBOR is an acronym for A) Latest Interest Being Offered Rate. B) Large International Bank Offered Rate. C) Least Interest Bearing: Official Rate. D) London Interbank Offered Rate. Answer: D Diff: 2 Topic: 9.1 Defining Interest Rate Risk Skill: Recognition 5) ________ is the possibility that the borrowers credit worthiness is reclassified by the lender at the time of renewing credit. ________ is the risk of changes in interest rates charged at the time a financial contract rate is set. A) Credit risk; Interest rate risk B) Repricing risk; Credit risk C) Interest rate risk; Credit risk D) Credit risk; Repricing risk Answer: D Diff: 2 Topic: 9.1 Defining Interest Rate Risk Skill: Recognition Instruction 9.1: For the following problem(s), consider these debt strategies being considered by a corporate