【每日一练】CFA 一级（2015年）

Question：

If a bank wants the ability to retire debt prior to maturity in order to take advantage of lower  borrowing rates, it most likely issues a: 
A. callable bond. 
B. putable bond. 
C. convertible bond. 

Answer = A 
Callable bonds give issuers the ability to retire debt prior to maturity. The most compelling reason for  them to do so is to take advantage of lower borrowing rates. 

CFA Level 1 
"Fixed-Income Markets: Issuance, Trading, and Funding," Moorad Choudhry, Steven V. Mann, and  Lavone F. Whitmer 
Section 6.3.5 

更多精彩：

CFA一级权益复习策略

CFA考试难吗？适合哪些人考？

通过CFA一级需要花费多长时间？