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Summer_2010_FIN_353_Quiz_2_Answers[1]

Summer_2010_FIN_353_Quiz_2_Answers[1] - FIN 353 Quiz 2...

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FIN 353 Quiz 2 Student: ___________________________________________________________________________ 1. Federal funds are A. Borrowed funds from the fed. B. Loans between banks that are usually overnight. C. Lent by banks that have a deficit of reserves. D. All of the above. 2. Commercial paper securities 3. Consider a coupon bond that has a $1,000 per value and a coupon rate of 10%. The bond ’s current price $910 ? Calculate the current yield. 4. Which of the following are characteristics of the money market? 5. You purchase a Treasury Inflation Protected Securities, TIPS. What is the investment risk that you face? A. Default risk. B. Call risk. C. Purchasing power risk. D. Interest rate risk. 6. Which Treasury security matures between 10 and 30 years?
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7. The least risky type of corporate bond is a?
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