albee · 2024年06月28日
NO.PZ2023052301000031
问题如下：
An analyst is analyzing a six-year callable bond with a semiannual coupon of 2.50% trading at a price of 98.90 per 100 par value and the following call schedule:
选项：
解释：
The correct yield values matched with the corresponding yield measures are presented in the following table:
Calculation of yield-to-first call:
Calculation of yield-to-second call:
Calculation of yield-to-maturity:
4.5年赎回的FV是101.5 N是9，这不能算是第二次赎回吗？
吴昊_品职助教 · 2024年06月28日
嗨，爱思考的PZer你好：
我们在callable bond这里，默认是整年末赎回，不会在半年位置赎回的。（这相当于一种简化）
这个债券是一个六年期的债券，call schedule意味着提前还款。如果5-6对应的是Year 6的话，那就不存在提前还款一说了，而是持有至到期了。所以4-5 years对应的就是Year 4而不是Year 5，同样，5-6 years对应的就是Year 5而不是Year 6.
因此，4-5 years也就是在第四年赎回，一共有八笔现金流；5-6 years是在第五年年末赎回，一共有十笔现金流。
----------------------------------------------就算太阳没有迎着我们而来，我们正在朝着它而去，加油！
NO.PZ2023052301000031 问题如下 analyst is analyzing a six-yecallable bonwith a semiannucoupon of 2.50% trang a priof 98.90 per 100 pvalue anthe following call schele: The correyielvalues matchewith the corresponng yielmeasures are presentein the following table:Calculation of yielto-first call: Calculation of yielto-seconcall: Calculation of yielto-maturity: 这里的yielto worst 是什么
NO.PZ2023052301000031 问题如下 analyst is analyzing a six-yecallable bonwith a semiannucoupon of 2.50% trang a priof 98.90 per 100 pvalue anthe following call schele: The correyielvalues matchewith the corresponng yielmeasures are presentein the following table:Calculation of yielto-first call: Calculation of yielto-seconcall: Calculation of yielto-maturity: 这道题semi-annucoupon rate 不是2.5吗，为什么答案里的PMT用的是1.25
NO.PZ2023052301000031 问题如下 analyst is analyzing a six-yecallable bonwith a semiannucoupon of 2.50% trang a priof 98.90 per 100 pvalue anthe following call schele: The correyielvalues matchewith the corresponng yielmeasures are presentein the following table:Calculation of yielto-first call: Calculation of yielto-seconcall: Calculation of yielto-maturity: 为什么perio4-5 n=4 *2, 为什么是year4 呢 而不是ye5 呢？
NO.PZ2023052301000031问题如下 analyst is analyzing a six-yecallable bonwith a semiannucoupon of 2.50% trang a priof 98.90 per 100 pvalue anthe following call schele: The correyielvalues matchewith the corresponng yielmeasures are presentein the following table:Calculation of yielto-first call: Calculation of yielto-seconcall: Calculation of yielto-maturity: 计算器按法求教。 。。。。
