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NEW QUESTION: 1
Which of the following statements regarding callable bonds is false?
A. A callable bond protects the investor by allowing him to sell his bond back to the issuer and invest in another, similar-risk bond that pays a higher rate of interest should the investor choose to do so.
B. The issuer of a callable bond is most likely to redeem the bond early when interest rates fall.
C. Callable bonds offer a higher yield than non-callable bonds, all else equal.
D. Investors in callable bonds are subject to prepayment risk.
Answer: A
Explanation:
Explanation/Reference:
Explanation: Statement D is the false statement. A callable bond does not protect the investor by allowing him to sell his bond back to the issuer and invest in another, similar-risk bond that pays a higher rate of interest should the investor choose to do so. The investor does not have the option to redeem or not in the case of a callable bond. It is the issuing firm that has the option. Therefore, a callable bond must offer a higher-yield than similar non-callable bonds, and the investor in a callable bond is subject to prepayment risk. The bond is most likely to be redeemed when interest rates fall, in which case the issuer will want to call it in and replace it with a bond with a lower coupon rate.
NEW QUESTION: 2
遠隔地の小さなオフィスが新しいISPを検討しています。次のブロードバンドタイプのうち、最も近いセントラルオフィスまでの距離に基づくものはどれですか。
A. ケーブル
B. DSL
C. 繊維
D. サテライト
Answer: D
NEW QUESTION: 3
In which two cases does packets go through the virtual link? (Choose two.)
A. When it is the egress active router
B. When it is the egress standby router
C. When the Layer 2 traffic is overflow.
D. When it is the ingress standby router.
E. When it is the ingress active router.
Answer: D,E