NO.PZ2023091701000014
问题如下:
Suppose that the yield curve is upward sloping. Which of the following statements is TRUE?
选项:
A.The forward rate yield curve is above the zero-coupon yield curve, which is above the coupon-bearing bond yield curve.
B.The forward rate yield curve is above the coupon-bearing bond yield curve, which is above the zero-coupon yield curve. C.The coupon-bearing bond yield curve is above the zero-coupon yield curve, which is above the forward rate yield curve. D.The coupon-bearing bond yield curve is above the forward rate yield curve, which is above the zero-coupon yield curve.解释:
With an upward sloping curve, the coupon curve is the lowest, the zero-coupon curve is above the coupon curve and the forward curve is above the zero-coupon curve. The order is reversed if the curve is downward sloping.
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