Free PRMIA 8013 Exam Questions

Become PRMIA Certified with updated 8013 exam questions and correct answers

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Total 290 Questions | Updated On: Mar 28, 2025

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Question 1

A US treasury bill with 90 days to maturity and a face value of $100 is priced at $98. What is the annual bondequivalent yield on this treasury bill?

A : 8.16%

B : 8.11%

C : 8.28%

D : 8.00%

Answer: C

Question 2

Determine the price of a 3 year bond paying a 5% coupon. The 1,2 and 3 year spot rates are 5%, 6% and 7% respectively. Assume a face value of $100.

A : $ 94.92

B : $ 106.00

C : $ 100.00

D : $93.92

Answer: A

Question 3

Backwardation can be explained by:

A : expectations of oversupply in the future

B : convenience yields being greater than the total carrying cost

C : short term shortages in the spot markets

D : all of the above

Answer: D

Question 4

The two components of risk in a commodities futures portfolio are:

A : Changes in the convenience yield and storage costs

B : Changes in spot prices and carrying costs, also called commodity lease rates

C : Changes in interest rates and spot prices

D : The risk from change in basis and interest rates

Answer: B

Question 5

The gamma of a call option is 0.08. What is the gamma of the corresponding put option?

A : -0.08

B : 0.92

C : 0.08

D : -0.92

Answer: C

Page: 1 / 58

Total 290 Questions | Updated On: Mar 28, 2025

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