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

返回

Helen 🎈 · 2023年03月18日

为啥fv是1000

  1. CFA I
  2. Corporate Issuers

NO.PZ2016021705000022

问题如下：

Dot.Com has determined that it could issue $1,000 face value bonds with an 8 percent coupon paid semi-annually and a five-year maturity at $900 per bond. If Dot.Com’s marginal tax rate is 38 percent, its after-tax cost of debt is closest to:

选项：

A.

6.2 percent.

B.

6.4 percent.

C.

6.6 percent.

解释：

C is correct.

FV = $1,000; PMT = $40; N = 10; PV = -$900

Solve for i. The six-month yield, i, is 5.3149%

YTM = 5.3149% × 2 = 10.62985%

r d (1−t) = 10.62985%(1−0.38) = 6.5905% rd(1 − t) = 10.62985%(1 − 0.38) = 6.5905%

为啥pv是900，老师，我感觉我前面没有学好，能详细解答吗。感谢

添加评论
1 个答案

王琛_品职助教 · 2023年03月20日

嗨，从没放弃的小努力你好：


理解的关键在于现金流发生的时间

PV，即 Present Value，是「现」值

是投资者「现在」购买债券所支付的价格 900，对应现金流出

FV，即 Future Value，是「终」值

是投资者「未来」 (债券到期时) 收到的债券本金 1000，对应现金流入

----------------------------------------------
加油吧，让我们一起遇见更好的自己！

  • 1

    回答

  • 0

    关注

  • 253

    浏览
相关问题

NO.PZ2016021705000022 问题如下 t.Com hterminethit coulissue $1,000 favalue bon with 8 percent coupon paisemi-annually ana five-yematurity $900 per bon If t.Com’s margintrate is 38 percent, its after-tcost of is closest to: A.6.2 percent. B.6.4 percent. C.6.6 percent. is correct.FV = $1,000; PMT = $40; N = 10; PV = -$900Solve for i. The six-month yiel i, is 5.3149%YTM = 5.3149% × 2 = 10.62985% r (1−t) = 10.62985%(1−0.38) = 6.5905% r1 − t) = 10.62985%(1 − 0.38) = 6.5905% 为啥PV=900而不是1000

2023-05-19 08:36 1 · 回答

NO.PZ2016021705000022问题如下t.Com hterminethit coulissue $1,000 favalue bon with 8 percent coupon paisemi-annually ana five-yematurity $900 per bon If t.Com’s margintrate is 38 percent, its after-tcost of is closest to: A.6.2 percent.B.6.4 percent.C.6.6 percent. is correct.FV = $1,000; PMT = $40; N = 10; PV = -$900Solve for i. The six-month yiel i, is 5.3149%YTM = 5.3149% × 2 = 10.62985% r (1−t) = 10.62985%(1−0.38) = 6.5905% r1 − t) = 10.62985%(1 − 0.38) = 6.5905% 给出的coupon rate都是年化的吗

2023-03-29 20:48 1 · 回答

NO.PZ2016021705000022 问题如下 t.Com hterminethit coulissue $1,000 favalue bon with 8 percent coupon paisemi-annually ana five-yematurity $900 per bon If t.Com’s margintrate is 38 percent, its after-tcost of is closest to: A.6.2 percent. B.6.4 percent. C.6.6 percent. is correct.FV = $1,000; PMT = $40; N = 10; PV = -$900Solve for i. The six-month yiel i, is 5.3149%YTM = 5.3149% × 2 = 10.62985% r (1−t) = 10.62985%(1−0.38) = 6.5905% r1 − t) = 10.62985%(1 − 0.38) = 6.5905% 这个是C以900元的价格发行到期日为1000的债券不是，所以当期获得900的现金流入，到期付出1000.

2023-02-04 15:56 1 · 回答

NO.PZ2016021705000022 问题如下 t.Com hterminethit coulissue $1,000 favalue bon with 8 percent coupon paisemi-annually ana five-yematurity $900 per bon If t.Com’s margintrate is 38 percent, its after-tcost of is closest to: A.6.2 percent. B.6.4 percent. C.6.6 percent. is correct.FV = $1,000; PMT = $40; N = 10; PV = -$900Solve for i. The six-month yiel i, is 5.3149%YTM = 5.3149% × 2 = 10.62985% r (1−t) = 10.62985%(1−0.38) = 6.5905% r1 − t) = 10.62985%(1 − 0.38) = 6.5905% RT

2022-12-13 11:14 1 · 回答