NO.PZ2018062006000076
问题如下:
The detailed information of bond A is as follows:
If converted into a quarterly periodicity, the YTM will be:
选项:
A.3.98%
B.2.52%
C.3.51%
解释:
A is correct.
(1+4%/2)^2 = (1+ APR/4)^4
APR = 3.98%
考点:APR
解析:这道题考察的是不同期限的利率之间的转换。把半年计息一次的年化收益率转换为一个季度计息一次的年化收益率。
1+EAR = (1+APR2/2)2 = (1+APR4/4)4 ,代入数值:
(1+4%/2)2 =(1+R/4)4 ,从而求出R=3.98%,故选项A正确。
RT