【单选题】A bond portfolio manager is considering three bonds-A, B, and C-for his portfolio. Bond A allows the issuer to call the bond before the stated maturity Bond B allows the investor to put the bond back ...
A.
No, Bond A's nominal yield spread should be less than Bond C's
B.
No, Bond B's nominal yield spread should be less than Bond C’s
【单选题】A limitation of calculating a bond portfolio’s duration as the weighted average of the yield durations of the individual bonds that compose the portfolio is that it:
A.
assumes a parallel shift to the yield curve.
B.
is less accurate when the yield curve is less steeply sloped.
C.
is not applicable to portfolios that have bonds with embedded options.
【简答题】A fixed income portfolio manager owns a $4 million par value non-callable bond. The bond’s duration is 5.4 and the current market value is $4,125,000. The dollar duration of the bond is closest to: A....