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wangxiaohuan5960 · 2018年04月27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：

求出133.33后的那一步怎么理解，谢谢帮助

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源_品职助教 · 2018年04月27日

第一步用计算器计算PV，计算其后付年金模式下计算的PV时间点发生在第一笔现金流的前一期。本题中用计算器所得第一步PV就在T=4时刻。所以第二步还需要再往前折现，折现4期即可求得当前时刻T=0时刻的现值。

JADE · 2018年05月05日

不好意思。。。点错了。不是想点踩的。。。。其实我想点评论了的。可能理解的不是太好。如果英文是说 make its first quarterly dividend payment in the fifth quarter 我就瞬间理解了。

源_品职助教 · 2018年05月05日

没关系，加油，JADE

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