Introduction to Primary Markets Qualification (IPMQ)

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Introduction to Primary Markets Qualification (IPMQ)

Introduction to Primary Markets Qualification (IPMQ)

1. A bond issued and traded in both the domestic and Eurobond markets is:

An exchangeable

A foreign bond

A benchmark

A global bond

2. Your view is that security X has an expected rate of return of 11% and it has a beta of 1.5. The risk free rate is 5% and the market expected return is 9%. According to the CAPM, this security is:

Underpriced

Overpriced

Fairly priced

Can’t be determined from data provided

3. Which of the following is incorrect: syndicating a new securities issue promotes...

Risk reduction

Larger fees

Better distribution

Enhanced liquidity

4. Investors indicate to the underwriter how many securities they would like to buy in a new issue and these indications are accumulated in order to set the price. This process is known as:

Best efforts

Bought deal

Bookbuilding

Syndication

5. In terms of relative risk, which of the following is true?

Debt is risky for investors while equity is risky for the firm

Both are equally risky for investors

Both are equally risky for the firm

Debt is risky for the firm while equity is risky for the investor

answers

4,3,2,3,4

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