"Fixed Income":Issuance, Trading, and Funding
学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！
Questions 1:
Which of the following products provides protection from inflation?
A 、Consols
B 、Linkers
C、 Floaters
Questions 2:
A South Korean electronics company issued bonds denominated in US dollars in the United States and registered with the SEC. These bonds are most likely known as a:
A 、foreign bond.
B 、Eurobond.
C、 global bond.
B is correct. Linkers, also known as inflation-linked bonds, adjust coupon payments, principal payments, or both to protect investors from inflation risk.
A is incorrect because consols are bonds with no maturity (i.e., they are perpetuities).
C is incorrect because floaters are bonds whose coupon rates are tied to a reference rate such as Libor.
A is correct. Bonds issued by entities that are incorporated in another country are called foreign bonds. Therefore, the bonds issued by a South Korean company in the United States are known as foreign bonds.
B is incorrect because Eurobonds are bonds issued internationally, outside the jurisdiction of any single country to bypass the legal, regulatory, and tax constraints imposed on bond issuers and investors. The bonds registered with the SEC are not classified as Eurobonds.
C is incorrect because global bonds are bonds that are issued simultaneously in the Eurobond market and in at least one domestic bond market.
成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。
