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【简答题】
Section B – TWO questions ONLY to be attempted GNT Co is considering an investment in one of two corporate bonds. Both bonds have a par value of $1,000 and pay coupon interest on an annual basis. The market price of the first bond is $1,079?68. Its coupon rate is 6% and it is due to be redeemed at par in five years. The second bond is about to be issued with a coupon rate of 4% and will also be redeemable at par in five years. Both bonds are expected to have the same gross redemption yields (yields to maturity). GNT Co considers duration of the bond to be a key factor when making decisions on which bond to invest. Required: (a) Estimate the Macaulay duration of the two bonds GNT Co is considering for investment. (9 marks) (b) Discuss how useful duration is as a measure of the sensitivity of a bond price to changes in interest rates. (8 marks)
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【简答题】齿轮传动的润滑方式主要根据齿轮的 选择。
【单选题】The author of the passage points out that ______.
A.
keeping cash is the only way to avoid risks
B.
the longer you own a stock, the more you lost
C.
the high rate of profit and high rate of risk coexist in stocks
D.
the best way to accumulate wealth is by investing in stocks
【单选题】The motorist had to __________ to avoid knocking the old woman down in the middle of the road.
A.
swerve
B.
twist
C.
depart
D.
swing
【判断题】Avoid overusing of repetition and restatement in our speech helps us to attract the audience.
A.
正确
B.
错误
【简答题】齿轮传动的润滑方式主要根据齿轮的圆周速度选择。闭式齿轮传动采用油浴润滑时的油量根据 确定。
【单选题】Parents should help their kids to avoid overusing cell phone or social websites in general.
A.
父母应该帮助孩子们避免过度使用一般的社交网址和手机
B.
父母应该帮助孩子避免过度使用手机和一般社交网站。
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