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2015年11月FMR真题:负面契约解析

发表时间:2015/7/28 10:21:01 编辑: 告诉小伙伴:
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[编考按]2015年11月FMR真题:负面契约解析。以下哪一个是正确的关于负面契约?21.Which of the following is TRUE in relation to negative covenants?A. They prohibit the borrower from undertaking new lines of business...

负面契约解析

     2015年11月FMR真题:负面契约解析

     
以下哪一个是正确的关于负面契约?

    21.Which of the following is TRUE in relation to negative covenants?

    A. They prohibit the borrower from undertaking new lines of business.

    B. They prohibit the borrower from certain actions such as issuing new debt.

    C. They require the borrower to adhere to all the terms and conditions of the loan.

    D. They require the borrower to take actions to service the debt and maintain collateral.

    Correct answer:B

    22.Which of the following is a measure of short-term solvency?

    A. Current ratio.

    B. Times interest coverage.

    C. Debt to capitalization ratio.

    D. Total debt to earnings ratio.

    Correct answer:A

    23.Which of the following are included in the ‘four Cs’ of credit analysis?

    I. Capacity.

    II. Correlation.

    III. Character.

    IV. Collateral.

    A. I and II.

    B. II and III.

    C. I, III and IV.

    D. II, III, and IV.

    Correct answer:C

    24.Baa-rated firms have been observed to have probability of default of 0.4, 0.75 and 1.3 percent during years 1, 2, and 3 from present. The probability that a Baa-rated firm will default within the next three years is CLOSEST to:

    A. 0.82%.

    B. 2.04%.

    C. 2.43%.

    D. 2.85%.

    Correct answer:C

    25.Ba-rated firms have been observed to have a constant probability of default of 2 percent each year over a 10-year horizon. The probability that a Ba-rated firm will default at some point within 10 years is CLOSEST to:

    A. 9.88%.

    B. 12.71%.

    C. 18.29%.

    D. 20.00%.

    Correct answer:C

    高顿网校温馨提醒:2015年FRM备考已经开始,为了帮助大家充分备考,体验实战,提供给大家FRM考试考点复习笔记,针对性地训练与模考,对学习过程进行全面总结。


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