NO.PZ2018062006000110
问题如下:
A client purchases a 6-year bond at $109.83, and the coupon rate is 8%. The interest is paid annualy. Assume the client will hold the bond to maturity, and the current market interest rate is 6%, which remains constant during the whole period. Calculate the future value of the reinvested coupon payments.
选项:
A.45.33.
B.51.17
C.55.80
解释:
C is correct.
8×1.065+8×1.064+8×1.063+8×1.062+8×1.061+8=55.80
考点:Source of return
解析:题干要我们求的是coupon的再投资收入FV。利用计算器:PV=0,N=6,PMT=8,I/Y=6,所以FV=55.80,故选项C正确。
那109.83是干啥用的,PV不是按这个数?