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孟繁敏 · 2018年06月22日

问一道题：NO.PZ2017092702000009 [ CFA I ]

  1. CFA I
  2. Quantitative

问题如下图为啥不是C

选项：

A.

B.

C.

解释：

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2 个答案

蓝莓囡囡骑士 · 2018年11月22日

请问这道题目 哪句话 显示 是T4 发生 

源_品职助教 · 2018年11月23日

题目说了第一笔现金流发生在T=5时刻，所以后付年金模式下求得的现值就是发生在T=4时刻。比如，第一笔现金流发生在T=1时刻，那么求得的现值就是T=0时刻

源_品职助教 · 2018年06月22日


首先这是一个永续年金，根据永续年金公式，我们可以用计算器求得该年金在T=4时刻的现值（因为第一笔现金流发生在T=5时刻），之后，我们再将这个现值往前折现4年就得到了该年金当前时刻的现值。C指求得了这笔现金流在T=4时刻的价值，但是题目要求的是这些现金流在当前时刻的价值。




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