开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

开泰-王飞 · 2022年11月01日

这几个yield到底有什么区别?

* 问题详情,请 查看题干

NO.PZ201812020100000404

问题如下:

The two-bond hypothetical portfolio’s immunization goal is to lock in a rate of return equal to:

选项:

A.

9.55%.

B.

9.85%.

C.

10.25%

解释:

B is correct.

Immunization is the process of structuring and managing a fixed-income portfolio to minimize the variance in the realized rate of return and to lock in the cash flow yield (internal rate of return) on the portfolio, which in this case is 9.85%.

YTM不就是内部收益率吗?

3 个答案

pzqa015 · 2022年11月03日

嗨,爱思考的PZer你好:


portfolio 的ytm是cash flow yield,不是weighted average ytm。

这道题weighted average ytm是9.55%,cash flow yield是9.85%

免疫策略免疫的是cash flow yield。

----------------------------------------------
就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

开泰-王飞 · 2022年11月03日

这题的ytm是9.55

pzqa015 · 2022年11月01日

嗨,从没放弃的小努力你好:


是呀

ytm就是IRR.

对于portfolio来说,portfolio 的YTM叫cash flow yield。

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

  • 3

    回答
  • 1

    关注
  • 516

    浏览
相关问题

NO.PZ201812020100000404 问题如下 The two-bonhypotheticportfolio’s immunization gois to loin a rate of return equto: 9.55%. 9.85%. 10.25% B is correct. Immunization is the process of structuring anmanaging a fixeincome portfolio to minimize the varianin the realizerate of return anto loin the cash flow yield (internrate of return) on the portfolio, whiin this case is 9.85%. 老师,我能理解matcash flow yiel对的,但是,针对这题和前面有个题的结论有点混淆。1.之前有个题给了下面这样的结论macaulration衡量pririsk, investment risk衡量reinvestment riskwhen Macaulration=investment horizon, expectereturn=YTM2.那么这道题为什么不是matYTM, 而是matcash flow yiel好呢?这2点分别是什么情况下使用,感觉我好像使用两个结论的情景没有区分清楚。什么情况下应该matYTM?什么情况下又应该matcash flow yiel

2024-05-16 16:45 2 · 回答

NO.PZ201812020100000404问题如下 The two-bonhypotheticportfolio’s immunization gois to loin a rate of return equto:9.55%.9.85%.10.25% B is correct. Immunization is the process of structuring anmanaging a fixeincome portfolio to minimize the varianin the realizerate of return anto loin the cash flow yield (internrate of return) on the portfolio, whiin this case is 9.85%. 如果是单债,YTm是ok的对吗。这里用average YTM 这个表述错了,,是这么理解吗

2024-01-07 09:05 1 · 回答

NO.PZ201812020100000404

2021-05-05 19:45 1 · 回答

9.85%. 10.25% B is correct. Immunization is the process of structuring anmanaging a fixeincome portfolio to minimize the varianin the realizerate of return anto loin the cash flow yiel(internrate of return) on the portfolio, whiin this case is 9.85%. 这道题,two bonportfolio是immunization的负债还是资产没看懂,是要用它来immunize 负债吗?如果是,不是应该用它来匹配liability的yiel?为什么是lock它自己的yiel能不能翻译一下这段话?

2020-05-21 08:55 1 · 回答