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坏呼呼嘿嘿 · 2023年05月21日

请问4c是什么?

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NO.PZ202209060200004501

问题如下:

Which of West’s comments regarding risk considerations in corporate bonds is least likely correct?

选项:

A.Comment 1 B.Comment 3 C.Comment 2

解释:

Solution

B is correct. West is incorrect in Comment 3. Spread duration is a useful measure for determining a portfolio’s sensitivity to changes in credit spreads. Because credit spread volatility—as opposed to outright credit default loss—is more relevant for investment-grade bonds than for high-yield bonds, the risk in a portfolio of investment-grade bonds is typically measured in terms of spread duration.

A is incorrect because Comment 1 is correct. Investment-grade bonds are quoted as a spread to Treasuries and move lockstep in price with changes in interest rates. High-yield bonds are typically quoted in dollar prices or yields and may not move with rates as frequently.

C is incorrect because Comment 2 is correct. The 4 Cs of credit are used to assess creditworthiness and, as a result, can be applied to determine the probability that a borrower will default and the severity of the loss.

如题

1 个答案

pzqa31 · 2023年05月22日

嗨,努力学习的PZer你好:


4C对应的是capacity(还款能力)、collateral(抵押品质量)、covenant(条款)和charater(管理质量),以下参考一级讲义:



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努力的时光都是限量版,加油!

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2024-06-16 22:38 1 · 回答

NO.PZ202209060200004501问题如下Whiof West’s comments regarng risk consirations in corporate bon is least likely correct?A.Comment 1B.Comment 3C.Comment 2SolutionB is correct. West is incorrein Comment 3. Spreration is a useful measure for termining a portfolio’s sensitivity to changes in cret sprea. Because cret sprevolatility—opposeto outright cret fault loss—is more relevant for investment-gra bon thfor high-yielbon, the risk in a portfolio of investment-gra bon is typically measurein terms of spreration.A is incorrebecause Comment 1 is correct. Investment-gra bon are quotea spreto Treasuries anmove lockstep in priwith changes in interest rates. High-yielbon are typically quotein llprices or yiel anmnot move with rates frequently. C is incorrebecause Comment 2 is correct. The 4 of cret are useto assess cretworthiness an a result, capplieto termine the probability tha borrower will fault anthe severity of the loss.。。。。。。。。。。。。

2023-05-09 21:25 1 · 回答