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Home
Education
Introduction to Primary Markets Qualification (IPMQ)
Test your knowledge
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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