11.单选题 收藏 标记 纠错 Consider a floating rate issue that has a coupon rate that is reset on January 1 of each year. The coupon rate is defined as one-year London Interbank Offered Rate (LIBOR) + 125 basis points and the coupons are paid semi-annually. If the one-year LIBOR is 6.5% on January 1, which of the following is the semi-annual coupon payment received by the holder of the issue in that year: A 3.875%. B 3.250%. C 7.750%. 查看解析 上一题 下一题 正确答案A 您的答案A本题平均正确率：70% Coupon payment structures难度：一般 推荐：      答案解析 This value is computed as follows: Semi-annual coupon = (LIBOR + 125 basis points) / 2 = 3.875% 问：解析被删，求详细解释？

10.单选题 已收藏 标记 纠错 Assume that a convertible bond has a par value of $1,000,000 and is currently priced at $1,200,000. The underlying share price is $50,000 and the conversion ratio is 30:1. The conversion condition for this bond is: A parity. B above parity. C below parity. 查看解析 上一题 下一题 正确答案B 您的答案B本题平均正确率：89% Convertible bond难度：一般 推荐：      答案解析 The conversion value of the bond is 50,000 x 30 = $1,500,000. The price of the convertible bond is $1,200,000. 'Thus, the conversion value of the bond is greater than the bond's price, and this condition is referred to as above parity. 问：1.这里的5w$一股指的是转化价对吧？2.通常情况下，市场价应该比这个高对吧，就是市场价可能是5.5w$每股才会决定转？但是这道题考的不是什么时候转换，所以不用考虑，是这样吗？请逐次回答 谢谢

Offsetting trade 是反向合约的意思？

老师你好，如图，这题的选项C是什么意思？

第七题，追问部分，能否具体说明一下

追问部分

第19题解题思路是什么

05.单选题 已收藏 标记 纠错 Which of the following covenants can protect bondholders against the dilution of their claims? is a restriction on: A Restriction on interest coverage ratio. B Restriction on investments. C Restriction on mergers and acquisitions. 查看解析 上一题 下一题 正确答案A 您的答案A本题平均正确率：39% Covenants难度：一般 推荐：      答案解析 A is correct. A restriction on debt typically takes the form of a maximum accept-able debt usage ratio or a minimum acceptable interest coverage ratio. Thus, it limits the issuer's ability to issue new debt that would dilute the bondholders' claims. B and C are incorrect because they are covenants that restrict the issuer's business activities by preventing the company from making investments or being taken over, respectively. 问： the dilution of their claims这个短语什么意思？题干怎么翻译，没读懂？

04.单选题 收藏 标记 纠错 Relative to negative bond covenants, positive covenants are most likely: A legally enforceable. B cheaper for the issuers. C enacted at the time of the bond issue. 查看解析 上一题 下一题 正确答案B 您的答案C本题平均正确率：35% Covenants难度：一般 推荐：      答案解析 B is correct. Positive (or affirmative) covenants are typically administrative in nature and do not impose additional costs on the issuer, whereas negative covenants are frequently costly. B选项更便宜这块可否再解释一下？

第12题解题思路是什么