Consider a $1,000 par value 20-year zero coupon bond issued at a yield tomaturity of 10%. If you buy that bond when it is issued and continue to hold the bond asyields decline to 9%, the imputed interest income for the first year of that bond is（）

rs. If the bond is currently selling for $980.74, the YTM isclosest to:

A.8.28%

B.7.28%

C.6.28%

ity. The bond is valued at $102.08 today with a discount rate of 5.5%. One day later, the discount rate increases to 6.5%. Assuming the discount rate remains at 6.5% over the remaining life of the bond, the price of the bond between today and maturity will most likely:

A. Decline then remain unchanged.

B. Decline then rise.

C. Rise then decline.

A.both bonds will increase in value, but bond F will increase more than bond G

B.both bonds will increase in value, but bond G will increase more than bond F

C.both bonds will decrease in value, but bond F will decrease more than bond G

D.both bonds will decrease in value, but bond G will decrease more than bond F

E.none of the above

of a 10-year, 6% coupon, $1000 par value bond with semi-annual payments？

A. $1077.2.

B. $1077.9.

C. $1075.0.

A.give

B.giving

C.to give

D.having given

考虑下列式子描述的一个经济体的情况：

Y=C+I+G

Y=5000

G=1000

T=1000

C=250+0.75(Y-T)

I=1000-50r

a．在这一经济中，计算私人储蓄、公共储蓄和国民储蓄。

b．找出均衡利率。

c．现在假设G增加到1250。计算私人储蓄、公共储蓄以及国民储蓄。

d．找出新的均衡利率。

Consider an economy described by the following equations:

Y=C+I+G

Y=5,000

G=1,000

T=1,000

C=250+0.75(Y-T)

I=1,000-50r

a．In this economy, compute private saving, public saving, and national saving.

b．Find the equilibrium interest rate.

c．Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving.

d．Find the new equilibrium interest rate.

考虑一下由以下方程式所描述的经济：

Y=C+I+G+NX

Y=5000

G=1000

T=1000

C=250+0.75(Y-T)

I=1000-50r

NX=500-500ε

r=r^*=5

a．在这个经济中，求出国民储蓄、投资、贸易余额以及均衡汇率。

b．现在G增加到1250，求出国民储蓄、投资、贸易余额以及均衡汇率的值。解释你的结果。

c．现在假设世界利率从5%上升到10%(G又是1000)，求出国民储蓄、投资、贸易余额以及均衡汇率的值。解释你的结果。

Consider an economy described by the following equations：

Y=C+I+G+NX

y=5000

G=1000

T=1000

C=250+0.75(Y-T)

I=1000-50r

NX=500-500ε

r=r^*=5

a．In this economy, solve for national saving, investment, the trade balance, and the equilibrium exchange rate.

b．Suppose now that G rises to 1,250. Solve for national saving, investment, the trade balance, and the equilibrium exchange rate. Explain what you find.

c．Now suppose that the world interest rate rises from 5 to 10 percent. (G is again 1,000). Solve for national saving, investment, the trade balance, and the equilibrium exchange rate. Explain what you find.

A.AR，AR%

B.AR%，PAR%

C.PAR，PAR%

D.AR，PAR%

A.above par value

B.below par

C.at or near par value

D.at a value unrelated to par