QUESTIONS 97 THROUGH 108 RELATE TO FIXED INCOME INVESTMENTS.

103. Girija Ray is researching the corporate bond defaults. He is ranking them according to a critieria which defines the default rate as the par value of all bonds that defaulted in a given calendar year, divided by the total par value of all bonds outstanding during the year. He is most likely ranking the bonds according to A. Issuer default rate B. Dollar default rate C. Book value default rate

©2012

Konvexity All Rights Reserved

Page 22