问题 多项选择题

下列关于久期在实践应用中的缺陷,说法正确的有( )。

A.久期的计算中,债券在到期期限内收益率基本保持不变,这与实际情况不符

B.市场的实际情况表明,价格与收益率的关系经常是非线性的,而久期测量风险时考虑了价格与收益率之间的线性关系

C.只有当债券的收益率变化幅度很小时,久期所代表的线性关系才近似成立

D.当债券的收益率变化幅度很小时,采用久期方法不能就债券价格对利率的敏感性予以正确的测量

答案

参考答案:A,B,C

解析: 采用久期方法对债券价格利率风险的敏感性进行测量实际上是考虑了价格与收益率之间的线性关系,而市场实际情况表明,价格与收益率的关系经常是非线性的,所以,当债券的收益率出现较大幅度变化时,采用久期方法不能就债券价格对利率的敏感性予以正确的测量,D项说法错误。故选ABC。

完形填空

首先,请阅读下列的应用文:

A.Music Box:

Dan Moore and Alex Bowen mix funk, house, disco, jazz, electro and hip hop.

7 pm to midnight, £8 entry, 0870 1220334

B.Breathing Space:

Caroline Broadhead’s installation that change the space of the building’s interior(内部)using a suspended(悬挂)textile ceiling.

Until Jan9, daily 11am to 5pm, free.

C.Hypnotic:

Pete Kelly presents his surround-sound installation, set in a dark room with black walls and five speakers playing a fantastic melody.

Mon to Sat 10am to 5pm, Sun 1 pm to 5pm, free.

D.Susie Perring: Colourful etching(蚀刻), aquatints and silk-screen prints on porcelain(瓷器), Metro-life four-star rating. Tue to Fri 10am to 5pm. Until Feb 15.0113 247 8245

E.Skool Disco at Corporation

Cheesy tunes and school-themed high jinks, place for gathering occasions. 9pm to 2am; £2.1-3 Milton Street.

F.The Factory Of Dreams: Inside Mexico’s Soap Operas

Stefan Ruiz’s look at Mexico’s soap operas, including Los Ricos Tambien Lloran, watched regularly by 200 million people, yet actually unheard of in the West.

Tue to Sat 10am to 5:30pm, free.

请阅读以下个人信息,然后匹配到合适的地方。

56.Lance is interested in interior decoration. He has recently helped his uncle with the decoration of his new house. He now majors in architecture: the designing of buildings.

57.William is an amateur director. He likes to invite some friends together and perform plays. With new high-tech equipment, he even starts to produce DIY(Do-It-Yourself) mini films. He wishes he will be a big name in the film industry one day.

58.Jim is working in a big company and has just got his first-month pan and would like to invite some young fellow workers to have fun this Saturday.

59.Patric is a super fan of classical music. He always finds it a high joy to be lost in some excellent symphonies, like those of Beethoven’s. Recently, he is planning to purchase some musical equipment.

60.Victor is now a college freshman majoring in engineering in another city. At this time of Christmas, he is back at home for the holiday. He plans to invite some of former fellow students in high school for a get-together.

56.Lance      A  Music Box

57.William   B  Breathing Space

58.Jim  C  Hypnotic

59.Patric      D  Susie Perring

60.Victor     E  Skool Disco at Corporation

F  The Factory Of Dreams

单项选择题