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sarah_xu · 2018年04月05日

问一道题：NO.PZ2017092702000009 [ CFA I ]

  1. CFA I
  2. Quantitative

问题如下图：

选项：

A.

B.

C.

解释：

答案为什么不直接是133.33？题目中问的不就是pv吗

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1 个答案

源_品职助教 · 2018年04月05日

因为一句永续年金公式，我们用计算器求得该年金在T=4时刻的现值PV4（这是因为第一笔现金流发生在T=5时刻），但是题目问的是这些现金流在T=0时刻的现值，所以我们再将这个现值往前折现4年就得到了该年金当前时刻的现值。

 

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