题目内容
（请给出正确答案）
[单选题]
The interest rate specified in the bond indenture is called the （)
A.discount rate
B.contract rate
C.market rate
D.effective rate
答案
B、contract rate
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题目内容
（请给出正确答案）
答案
如果结果不匹配，请 联系老师 获取答案
题目内容
（请给出正确答案）
A.discount rate
B.contract rate
C.market rate
D.effective rate
答案
B、contract rate
如果结果不匹配，请 联系老师 获取答案
更多“The interest rate specified in…”相关的问题
A、An amount less than the stated interest rate times the principal.
B、An amount more than the stated interest rate times the principal.
C、An amount equal to the stated interest rate times the principal.
D、The company may skip the first interest payment date since the appropriate time has not passed.
A、duration mismatch
B、immunization effect
C、net worth exposure
D、net interest income
E、risk of bankruptcy
A、Its information value is limited.
B、It accounts for the problem of rate-insensitive asset and liability runoffs and prepayments.
C、It accommodates cash flows from off-balance-sheet activities.
D、It helps to determine an FI's profit exposure to interest rate changes.
E、It considers market value effects of interest rate changes.
A、the duration model.
B、the maturity model.
C、the repricing model.
D、the funding gap model.
E、All of the above.
A、Yes, because with a maturity gap of zero the change in the market value of assets exactly offsets the change in the market value of liabilities.
B、No, because with a maturity gap of zero the change in the market value of assets exactly offsets the change in the market value of liabilities.
C、Yes, because the maturity model does not consider the timing of cash flows.
D、No, because the timing of cash flows is relevant to immunization against interest rate risk exposure.
E、No, because a representative bank will always have a positive maturity gap.
A、Periodic cash flow of interest and principal amortization payments on long-term assets that can be reinvested at market rates.
B、The effect that a change in the spread between rates on RSAs and RSLs has on net interest income as interest rates change.
C、Mismatch of asset and liabilities within a maturity bucket.
D、The relations between changes in interest rates and changes in net interest income.
E、Those deposits that act as an FI's long-term sources of funds.
What is meant by the“user cost”of producing an exhaustible resource？ why does price minus extraction cost rise at the rate of interest in a competitive exhaustible resource market？
P Company is very similar to N company in growth rate，risk and dividend payout rati0．It had 20 million shares outstanding and an earnings of$36 million for the year just ended．
The earnings will increase to$38．5 million the next year．
Requirement：
A．Calculate the expected rate of return on N company’S equity．
B．Calculate N Company’S current price—eaming ratio and prospective price-earning rati0．
C．Using N company’S current price-earning rati0，value P company’S stock price．
D．Using N company’S prospective price-earning rati0，value P company’S stock price．
（Expressed in RMB thousands）
FINANCLAL STATEMENTS ITEMS
20×8
20×7
Sales
64000
48000
Cost of sales
54000
42000
Net profit
30
-20
December 31, 20×8
December 31, 20×7
Inventory
16000
12000
Current assets
60000
50000
Total assets
100000
90000
Current liabilities
20000
18000
Total liabilities
30000
25000
During the audit, John has the following findings:
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows:
Dr. Cash in Bank RMB 5820000
Dr. Financial Expenses RMB 180000
Cr. Notes Receivable RMB 6000000
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows:
Dr. Non-operating Expenses RMB 3000000
Cr. Provisions RMB 3000000
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows:
Dr. Provisions RMB 3000000
Cr. Cash in Bank RMB 2500000
Cr. Non-operating Income RMB 500000
Required:
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion.
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios:
(a)Inventory Turnover Rate in 20×8;
(b)Gross Profit Ratio in 20×8;
(c)After Tax Return on Total Assets in 20×8; and
(d)Current Ratio as at December 31, 20×8
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored.
B、Decreases the carrying value of a bond and decreases interest expense.
C、Increases the carrying value of a bond and increases interest expense.
D、Increases the carrying value of a bond and decreases interest expense.
