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Past Exam for FINA 4400 - Financial Markets and Institutions with Ren at North Texas (UNT)

Exam Information

Material Type:Final
Professor:Ren
Class:FINA 4400 - Financial Markets and Institutions
Subject:Finance
University:University of North Texas
Term:Spring 2008
Keywords:
  • Convertible Bond
  • Immediately
  • Financial System
  • Institutions
  • Financial Institutions
  • Rate of Return
  • Capital Markets
  • Compounding
  • Coupon Payment
  • Coupon Rate
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Sample Document Text

FINA 4400 Additional Examples: Chapter 6 1. An 18 year T-Bond can be stripped into how many separate securities? A. 18 B. 19 C. 36 D. 37 E. 38 2. On July 1, 2008 you purchase a $10,000 par T-Note that matures in 5 years. The coupon rate is 8% and the price quote is 98:6. The last coupon payment was May 1, 2008 and the next is November 1, 2008 (184 days total). The accrued interest is A. $132.61 B. $101.00 C. $50.54 D. $40.65 E. $35.67 ((8%/2) x 10,000) x (61 days since last coupon / 184) = $132.61 3. An investor is trying to decide between a muni paying 5.75% or an equivalent taxable corporate paying 8.25%. What is the minimum marginal tax rate the investor must have to consider buying the municipal bond? A. 80.00% B. 20.00% C. 25.00% D. 66.67% E. 30.00% 1 - (0.0575 / 0.0825) 4. The quoted ask yield on a 30 year $1000 par T-Bond with a 6.25% coupon and a price quote of 106:16 is ___________ (use semiannual compounding). A. 2.94% B. 2.90% C. 5.79% D. 5.87% E. 4.95% $1,065.00 = $31.25×PVIFA(r%,60) + $1,000×PV...

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