NO.PZ201812020100000205
问题如下:
Based on Exhibit 2, the total expected return of the fund’s global bond portfolio is closest to:
选项:
A.0.90%.
B.1.66%.
C.3.76%.
解释:
B is correct. The total expected return is calculated as follows:
Total
expected return = Rolling yield
+/–
E(Change in price based on investor’s benchmark yield view)
+/–
E(Change in price due to investor’s view of credit spread)
+/–
E(Currency gains or losses)
where Rolling yield = Coupon income + Rolldown return.
何老师在将这个case的时候说通常求expected return的时候,题目里都会这么假设,在这个假设下第一部分return用D/P就好了。请问有基于其他假设出题,而不能使用D/P的题目吗?