上小学 · 2023年02月22日
NO.PZ2019052801000046
问题如下：
The borrowing rates of company X and conpany Y are as follows:
company X and conpany Y borrowed at their comparative advantage borriwing rate, and then they enter into an interest rate swap with each other, what's the total savings?
选项：
A.
2.5%.
B.
2.0%.
C.
1.5%.
D.
1.0%.
解释：
C is correct.
考点：利率互换
解析：
总的节省成本=固定利率之差减去浮动利率之差=(10% - 8%) - [(LIBOR + 2%) - (LIBOR + 1.5%)] = 1.5%.
请问由于Libor未知。没法比较固定和浮动利率的绝对值，预期不同才会互换，看不出预期和利率趋势。
NO.PZ2019052801000046问题如下 The borrowing rates of company X anconpany Y are follows:company X anconpany Y borrowetheir comparative aantage borriwing rate, anthen they enter into interest rate swwith eaother, what's the totsavings?A.2.5%.B.2.0%.C.1.5%.1.0%.C is correct. 考点利率互换解析总的节省成本=固定利率之差减去浮动利率之差=(10% - 8%) - [(LIBOR + 2%) - (LIBOR + 1.5%)] = 1.5%.为什么不是固定利率和浮动利率各自差的和，是用的节省成本
company X借固定，浮动都比Y利率低，为什么会互换呢？记得老师讲的相对优势，才有互换借
这题的答案好怪异、是不是错了
