345_2010sample

345_2010sample - Econ 345 SAMPLE MIDTERM MULTIPLE CHOICE...

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Econ 345 SAMPLE MIDTERM MULTIPLE CHOICE QUESTIONS 1. Suppose the earnings of an asset are expected to rise for the foreseeable future. Then, given the current asset price, its yield to maturity must _________. a. rise ** b. fall c. remain constant d. change ambiguously 2. Which of the following $1000 face value securities has the lowest yield to maturity? 3. The annualized return on a 5% coupon bond that is initially bought for $1000 and is sold for $900 a year later is: 4. For which one of the following is the current yield the most accurate representation of the true yield on the bond?
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