固定收益

NO.PZ201812310200000109 问题如下  Ibarra wants to know the cret spreof bonover a theoreticcomparable-maturity government bonwith the same coupon rate this bon The foregoing cret spreis closest to: 108 bps. 101 bps. 225 bps. A is correct. The corporate bons fair value is computein the solution to Question 8 €1,101.24 The YTM cobtainesolving the following equation for IRR: 1101.24= 60 1+IRR + 60 (1+IRR) 2 + 60 (1+IRR) 3 + 1060 (1+IRR) 4 The solution to this equation is 3.26%. Valuation of a four-year, 6% coupon bonunr no fault (VN is computein the solution to Question 8 1,144.63. So, the YTM of a theoretical comparable-maturity government bonwith the same coupon rate the corporate boncobtainesolving the following equation for IRR: 1144.63= 60 1+IRR + 60 (1+IRR) 2 + 60 (1+IRR) 3 + 1060 (1+IRR) 4 The solution to this equation is 2.18%. So, the cret spreththe analyst wants to compute is 3.26% – 2.18% = 1.08%, or 108 bps. B is incorrect, because this the spreover the four-yegovernment pbonthha YTM of 2.25% in Exhibit 2: 3.26% – 2.25% = 1.01%, or 101 bps. Although this spreis commonly usein practice, the analyst is interestein finng the spreover a theoretic6% coupon government bon C is incorrect, because this the YTM of the coupon four-yegovernment bonin Exhibit 2. 这里是因为说了利率是有波动的，所以应该用VN求收益率？如果说assumptions ththere is no interest rate volatility anththe government bonyielcurve is fl3%.那么就用3%做YTM就行？

NO.PZ201812310200000109 问题如下  Ibarra wants to know the cret spreof bonover a theoreticcomparable-maturity government bonwith the same coupon rate this bon The foregoing cret spreis closest to: 108 bps. 101 bps. 225 bps. A is correct. The corporate bons fair value is computein the solution to Question 8 €1,101.24 The YTM cobtainesolving the following equation for IRR: 1101.24= 60 1+IRR + 60 (1+IRR) 2 + 60 (1+IRR) 3 + 1060 (1+IRR) 4 The solution to this equation is 3.26%. Valuation of a four-year, 6% coupon bonunr no fault (VN is computein the solution to Question 8 1,144.63. So, the YTM of a theoretical comparable-maturity government bonwith the same coupon rate the corporate boncobtainesolving the following equation for IRR: 1144.63= 60 1+IRR + 60 (1+IRR) 2 + 60 (1+IRR) 3 + 1060 (1+IRR) 4 The solution to this equation is 2.18%. So, the cret spreththe analyst wants to compute is 3.26% – 2.18% = 1.08%, or 108 bps. B is incorrect, because this the spreover the four-yegovernment pbonthha YTM of 2.25% in Exhibit 2: 3.26% – 2.25% = 1.01%, or 101 bps. Although this spreis commonly usein practice, the analyst is interestein finng the spreover a theoretic6% coupon government bon C is incorrect, because this the YTM of the coupon four-yegovernment bonin Exhibit 2. RT

NO.PZ201812310200000109 问题如下  Ibarra wants to know the cret spreof bonover a theoreticcomparable-maturity government bonwith the same coupon rate this bon The foregoing cret spreis closest to: 108 bps. 101 bps. 225 bps. A is correct. The corporate bons fair value is computein the solution to Question 8 €1,101.24 The YTM cobtainesolving the following equation for IRR: 1101.24= 60 1+IRR + 60 (1+IRR) 2 + 60 (1+IRR) 3 + 1060 (1+IRR) 4 The solution to this equation is 3.26%. Valuation of a four-year, 6% coupon bonunr no fault (VN is computein the solution to Question 8 1,144.63. So, the YTM of a theoretical comparable-maturity government bonwith the same coupon rate the corporate boncobtainesolving the following equation for IRR: 1144.63= 60 1+IRR + 60 (1+IRR) 2 + 60 (1+IRR) 3 + 1060 (1+IRR) 4 The solution to this equation is 2.18%. So, the cret spreththe analyst wants to compute is 3.26% – 2.18% = 1.08%, or 108 bps. B is incorrect, because this the spreover the four-yegovernment pbonthha YTM of 2.25% in Exhibit 2: 3.26% – 2.25% = 1.01%, or 101 bps. Although this spreis commonly usein practice, the analyst is interestein finng the spreover a theoretic6% coupon government bon C is incorrect, because this the YTM of the coupon four-yegovernment bonin Exhibit 2. 如题

NO.PZ201812310200000109