NO.PZ202112010200001403
问题如下：
Calculate the ASW of the corporate bond.
选项：
A.0.65%
0.95%
0.85%
解释：
C is correct. The ASW is an estimate of the spread over MRR versus the bond’s original coupon rate to maturity, which is equal to the difference between the corporate bond coupon of 3.00% and the 12-year swap rate of 2.15%, or 0.85%.
根据解析The ASW is an estimate of the spread over MRR versus the bond’s original coupon rate to maturity【Q1.这里说ASW=MRR+coupon rate ?】
which is equal to the difference between the corporate bond coupon of 3.00% and the 12-year swap rate of 2.15%, or 0.85%.【Q2.这里是说ASW=Coupon rate -swap rate ?】
Q3.我的笔记上还有个公式： swap spread =swap rate-gov yield
Q4.swap rate=spread over MRR
Q5.不理解MRR、ASW、swap rate 的的关系,这里关系好混乱，根据3和4， gov yield 就是MRR??
