NO.PZ2023052407000006
问题如下:
Grupo Ignacia issued 10-year corporate bonds four years ago. The bonds pay an annualized coupon of 10.7 percent on a semiannual basis, and the current price of the bonds is MXN97.50 per MXN100 of par value. The YTM of the bonds is closest to:
选项:
A.
11.28 percent.
B.
11.50 percent.
C.
11.71 percent
解释:
A is correct. The YTM is calculated by solving for the RATE spreadsheet function with the following inputs: number of periods of 12 (=6 × 2), coupon payments of 5.35 (=10.7/2), PV of −97.50, and FV of 100. The resulting solution for RATE of 5.64 percent is in semiannual terms, so multiply by 2 to calculate annualized YTM of 11.28 percent.
B is incorrect, as 11.50 percent is the result if number of periods used is eight, instead of 12. C is incorrect, as 11.71 percent is the result if the number of periods used is 6, instead of 12.
这题我按计算器N =12,i/y=5.35,pv=-97.5,fv=100,然后cpt→pmt算出来的是5.06,很奇怪,×2之后是10.12结果不对哎,这是哪里出问题了吗