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

大恰恰 · 2023年05月10日

期初 issue dollar-denominated bonds 难道不是收到 USD 借款嘛?

NO.PZ2018113001000038

问题如下:

A US company needs to raise CNY20 million because it is planning an expansion into China. It wants to issue dollar-denominated bonds and converts the dollars to Chinese yuan by using a three-year currency swap with annual payments. Spot rate is 7 CNY/USD, the swap rate of US dollars is 2% and the swap rate of Chinese yuan is 3%. The US company pays (in millions):

选项:

A.

interest in CNY of 0.6 million and receives interest in USD of 0.045 million

B.

interest in CNY of 0.6 million and receives interest in USD of 0.057 million

C.

interest in USD of 0.057 million and receives interest in CNY of 0.6 million

解释:

B is correct.

考点:currency swap改变loan币种

解析:

期初交换本金:收到人民币本金=20 million,支付美元本金=20/7=2.8571 million

期间交换利息:支付人民币利息=20*0.03=0.6million,收到美元利息=2.8571*0.02=0.057milion

期初 issue dollar-denominated bonds 难道不是收到 USD 借款嘛? 然后把收到的USD 借款 swap 成CNY

所以期中是要付这个USD bond 的利息

1 个答案
已采纳答案

pzqa31 · 2023年05月10日

嗨,从没放弃的小努力你好:


这道题的意思是,这家美国公司要去中国开展业务,需要20million的人民币,所以先在美国境内发了等值的美元债券融资,这个时候公司有钱了(美元),就可以进入一个currency swap:在期初是收人民币本金付美元本金,所以期间是支付人民币利息,收美元利息。

----------------------------------------------
努力的时光都是限量版,加油!

  • 1

    回答
  • 0

    关注
  • 335

    浏览
相关问题

NO.PZ2018113001000038问题如下 A US company nee to raise CNY20 million because it is planning expansion into ChinIt wants to issue llar-nominatebon anconverts the llars to Chinese yuusing a three-yecurrenswwith annupayments. Spot rate is 7 CNY/US the swrate of US llars is 2% anthe swrate of Chinese yuis 3%. The US company pays (in millions): A.interest in CNY of 0.6 million anreceives interest in USof 0.045 millionB.interest in CNY of 0.6 million anreceives interest in USof 0.057 millionC.interest in USof 0.057 million anreceives interest in CNY of 0.6 million B is correct.考点currenswap改变loan币种解析期初交换本金收到人民币本金=20 million,支付美元本金=20/7=2.8571 million期间交换利息支付人民币利息=20*0.03=0.6million,收到美元利息=2.8571*0.02=0.057milion 题目说是三年的swap啊

2023-05-21 16:33 1 · 回答

NO.PZ2018113001000038问题如下 A US company nee to raise CNY20 million because it is planning expansion into ChinIt wants to issue llar-nominatebon anconverts the llars to Chinese yuusing a three-yecurrenswwith annupayments. Spot rate is 7 CNY/US the swrate of US llars is 2% anthe swrate of Chinese yuis 3%. The US company pays (in millions): A.interest in CNY of 0.6 million anreceives interest in USof 0.045 millionB.interest in CNY of 0.6 million anreceives interest in USof 0.057 millionC.interest in USof 0.057 million anreceives interest in CNY of 0.6 million B is correct.考点currenswap改变loan币种解析期初交换本金收到人民币本金=20 million,支付美元本金=20/7=2.8571 million期间交换利息支付人民币利息=20*0.03=0.6million,收到美元利息=2.8571*0.02=0.057milion 如题,想知道下图里这两笔的位置对吗?

2023-01-10 00:44 1 · 回答

NO.PZ2018113001000038问题如下A US company nee to raise ¥20 million because it is planning expansion into ChinIt wants to issue llar-nominatebon anconverts the llars to Chinese yuusing a three-yecurrenswwith annupayments. Spot rate is 7 RMB/UA the swrate of US llars is 2% anthe swrate of Chinese yuis 3%. The US company pays (in millions):A.interest in RMB of 0.6 million anreceives interest in USof 0.045 millionB.interest in RMB of 0.6 million anreceives interest in USof 0.057 millionC.interest in USof 0.057 million anreceives interest in RMB of 0.6 millionB is correct.考点currenswap改变loan币种解析期初交换本金收到人民币本金=20 million,支付美元本金=20/7=2.8571 million期间交换利息支付人民币利息=20*0.03=0.6million,收到美元利息=2.8571*0.02=0.057milion同学你好~其实加上或者减去basis都可以的哈为什么这么说呢?是因为题目本身只是告诉我们basis是跟着非美元一端的,所以只要在非美元一端的利率上加上一个basis就可以啦。但是注意加上的这个basis其实是可正可负的。所以即便我们说非美元一端是减去一个basis,也不影响它是可正可负的这个性质的。这里题目作为一个非常开放的主观题,所以答案只是一种常见的表达方式,实质上加上或者减去basis都可以哒

2022-05-18 11:16 1 · 回答

NO.PZ2018113001000038 interest in RMB of 0.6 million anreceives interest in USof 0.057 million interest in USof 0.057 million anreceives interest in RMB of 0.6 million B is correct. 考点currenswap改变loan币种 解析 期初交换本金收到人民币本金=20 million,支付美元本金=20/7=2.8571 million 期间交换利息支付人民币利息=20*0.03=0.6million,收到美元利息=2.8571*0.02=0.057milion 老师,我的思路如下,得到的是C,哪里错啦?

2022-05-16 11:39 1 · 回答