NO.PZ2020011303000188
问题如下:
The coupon rate on a five-year bond is higher than the forward rate between time 4.5 years and time five years. If forward rates do not change do you expect the bond price to increase or decrease during the next six months?
解释:
It will decrease. The decrease in value is the value of a lost forward rate agreement, which in this case is positive.
题目问:五年期债券的票面利率高于 4.5 年和 5 年之间的远期利率。如果远期利率不变,你预计未来六个月债券价格会上涨还是下跌?
会下跌。
即期利率和远期利率是有关的,但是息票利率和远期有啥关系呢?谢谢