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Liam · 2018年05月23日

问一道题：NO.PZ2016031001000080 [ CFA I ]

  1. CFA I
  2. Fixed Income

问题如下图：

    

选项：

A.

B.

C.

解释：


本题按计算机的方法会做，也能理解。想问一下有没有可以不按计算机直接对比的思路？考试的时候，按三组数据也是比较浪费时间的。


感谢解答。

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已采纳答案

发亮_品职助教 · 2018年05月24日

直接比比较难。

就这道题而言，假设3年、4年、5年末的call price都一样都是100，反而yield-to-maturity的收益是最高的。影响收益的因素很多，除了卖出价，还有投资年限，Coupon；

所以按计算器反而是比较简单的方法。

这三组数据Coupon rate是一样的，PV是一样的，不一样的是FV，和N；所以求完第三年末赎回的收益时，直接按FV=102，N=8；可以算第二组数据的yield。

J · 2020年03月23日

可以研究选项，A*2就是B，而且比C小很多，基本猜B就不会错

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2024-07-04 12:44 1 · 回答

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2024-05-26 16:54 1 · 回答

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2023-08-26 08:25 1 · 回答

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2022-10-02 21:43 1 · 回答

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2020-07-03 15:23 1 · 回答