1. What is the current yield of a $1,000 par value, 4% annual coupon bond that is selling for $950?
4.00%.
4.50%.
4.21%.
3.75%.
2. A portfolio has a total return of 19.5%, a beta of 1.6, and a standard deviation of 18.6%. If the risk free rate is 2.5% and the market return is 10.2%, then Treynor's measure of this portfolio's performance is
13.72%.
12.19%.
11.20%.
10.63%.
3. A bond has a yield to maturity of 4.5% and duration of 22 years. What is its modified duration?
21.05 years
20.35 years
19.00 years
22.00 years