金融市场与机构madura第九版题库ch06

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1、MoneyMarketsv13Chapter6MoneyMarkets1.SecuritieswithmaturitiesofoneyearorlessareclassifiedasA)capitalmarketinstruments.B)moneymarketinstruments.C)preferredstock.D)noneoftheaboveANSWER:B2.Whichofthefollowingisnotamoneymarketsecurity?A)TreasurybillB)negotia

2、blecertificateofdepositC)commonstockD)federalfundsANSWER:C3.________aresoldatanauctionatadiscountfromparvalue.A)TreasurybillsB)RepurchaseagreementsC)Banker’sacceptancesD)CommercialpaperANSWER:A4.JarrodKing,aprivateinvestor,purchasesaTreasurybillwitha$10,0

3、00parvaluefor$9,645.Onehundreddayslater,JarrodsellstheT-billfor$9,719.WhatisJarrod’sexpectedannualizedyieldfromthistransaction?A)13.43percentB)2.78percentC)10.55percentD)2.80percentE)noneoftheaboveANSWER:D5.IfaninvestorbuysaTbillwitha90daymaturityand$50

4、,000parvaluefor$48,500andholdsittomaturity,whatistheannualizedyield?A)about13.4percentB)about12.5percentC)about11.3percentD)about11.6percentE)about10.7percentANSWER:B©2010CengageLearning.AllRightsReserved.ThiseditionisintendedforuseoutsideoftheU.S.only,wi

5、thcontentthatmaybedifferentfromtheU.S.Edition.Maynotbescanned,copied,duplicated,orpostedtoapubliclyaccessiblewebsite,inwholeorinpart.MoneyMarketsv136.AninvestorbuysaTbillwith180daystomaturityand$250,000parvaluefor$242,000. Heplanstosellitafter60days,andf

6、orecastsasellingpriceof$247,000atthattime. Whatistheannualizedyieldbasedonthisexpectation?A)about10.1percentB)about12.6percentC)about11.4percentD)about13.5percentE)about14.3percentANSWER:B7.Assumeinvestorsrequirea5percentannualizedreturnonasix-monthT-bil

7、lwithaparvalueof$10,000.Thepriceinvestorswouldbewillingtopayis$________.A)10,000B)9,524C)9,756D)noneoftheaboveANSWER:C8.AnewlyissuedTbillwitha$10,000parvaluesellsfor$9,750,andhasa90daymaturity. Whatisthediscount?A)10.26percentB)0.26percentC)$2,500D)10.0

8、0percentE)11.00percentANSWER:D9.Largecorporationstypicallymake___________bidsforT-billssotheycanpurchaselargeramounts.A)competitiveB)noncompetitiveC)verysmallD)noneoftheaboveANSWER:A10.Atanygiventime,theyieldoncomme