NO.PZ2020011303000183
问题如下:
What is the present value of USD 100 received in eight years when the spot rate is 5% per annum with semi-annual compounding? What is the eight-year discount factor?
解释:
题目问:8年后收到100,折现率是5%p.a.,半年付息一次,求现值以及8年的折现因子。
PV=100/[(1+5%/2)8*2 ]=67.36
折现因子=1/(1.02516)=0.6736
只算本金折现的吗?利息的呢