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Elliott Ho · 2017年03月17日

问一道题:NO.PZ2016031001000084 [ CFA I ]

问题如下图:

    

选项:

A.

B.

C.

看到这题就彻底晕了,这题是用APR计算还是,还是假设PV和FV的值计算?

2 个答案

粉红豹 · 2018年09月15日

同学你好,根据我自己做题时的理解盲区,总结了以下答题思路,希望也能对你有用。

粉红豹 · 2018年09月17日

同学,我两个公式在打字的时候打反了,折价率那个公式应该是除以par,BEY那个公式应该是除以 PV。抱歉抱歉哈~~

Tina · 2018年11月25日

讲的很清楚!

粉红豹 · 2018年11月26日

耶~~~

面白い · 2020年03月25日

这才是真正的学习

粉红豹 · 2020年03月27日

谢谢~~加油加油呀~~~

源_品职助教 · 2017年03月17日


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NO.PZ2016031001000084 问题如下 The bonequivalent yielof a 180-y banker’s acceptanquotea scount rate of 4.25% for a 360-y yeis closest to: A.4.31%. B.4.34%. C.4.40%. C is correct.The bonequivalent yielis closest to 4.40%. The present value of the banker’s acceptanis calculateas:PV=FV×(1−ysYear×)PV=FV\times{(1-\frac{ys}{Year}\times )}PV=FV×(1−Yearys​×)PV=100×(1−ysYear×)PV=100\times{(1-\frac{ys}{Year}\times )}PV=100×(1−Yearys​×)PV=100×(1−180360×0.0425)PV=100\times{(1-\frac{180}{360}\times0.0425)}PV=100×(1−360180​×0.0425)PV = 100 × (1 – 0.02125)PV = 100 × 0.97875PV = 97.875The bonequivalent yiel(AOR) is calculateas:AOR=(Yearys)×(FV−PVPV)AOR={(\frac{Year}{ys})}\times{(\frac{FV-PV}{PV})}AOR=(ysYear​)×(PVFV−PV​)AOR=(365180)×(100−PVPV)AOR={(\frac{365}{180})}\times{(\frac{100-PV}{PV})}AOR=(180365​)×(PV100−PV​)AOR=(365180)×(100−97.87597.875)AOR={(\frac{365}{180})}\times{(\frac{100-97.875}{97.875})}AOR=(180365​)×(97.875100−97.875​)AOR = 2.02778 × 0.02171AOR = 0.04402, or approximately 4.40%Note ththe PV is calculateusing assume360-y yeanthe AOR (bonequivalent yiel is calculateusing a 365-y year.考点YielMeasures解析考查的是scount yiel a-on yiel间的转换。1.题目给出了scount rate=4.25%,可以算出PV=100×(1-180/360×4.25%)=97.875。2.然后通过计算出来的PV再计算BEY,BEY就是365天形式的a-on-yielBEY=365/180×(100-97.875)/97.875=4.40%,故C正确。 为什么不是100/(1+180/360×4.25%)

2024-10-26 16:50 2 · 回答

NO.PZ2016031001000084 问题如下 The bonequivalent yielof a 180-y banker’s acceptanquotea scount rate of 4.25% for a 360-y yeis closest to: A.4.31%. B.4.34%. C.4.40%. C is correct.The bonequivalent yielis closest to 4.40%. The present value of the banker’s acceptanis calculateas:PV=FV×(1−ysYear×)PV=FV\times{(1-\frac{ys}{Year}\times )}PV=FV×(1−Yearys​×)PV=100×(1−ysYear×)PV=100\times{(1-\frac{ys}{Year}\times )}PV=100×(1−Yearys​×)PV=100×(1−180360×0.0425)PV=100\times{(1-\frac{180}{360}\times0.0425)}PV=100×(1−360180​×0.0425)PV = 100 × (1 – 0.02125)PV = 100 × 0.97875PV = 97.875The bonequivalent yiel(AOR) is calculateas:AOR=(Yearys)×(FV−PVPV)AOR={(\frac{Year}{ys})}\times{(\frac{FV-PV}{PV})}AOR=(ysYear​)×(PVFV−PV​)AOR=(365180)×(100−PVPV)AOR={(\frac{365}{180})}\times{(\frac{100-PV}{PV})}AOR=(180365​)×(PV100−PV​)AOR=(365180)×(100−97.87597.875)AOR={(\frac{365}{180})}\times{(\frac{100-97.875}{97.875})}AOR=(180365​)×(97.875100−97.875​)AOR = 2.02778 × 0.02171AOR = 0.04402, or approximately 4.40%Note ththe PV is calculateusing assume360-y yeanthe AOR (bonequivalent yiel is calculateusing a 365-y year.考点YielMeasures解析考查的是scount yiel a-on yiel间的转换。1.题目给出了scount rate=4.25%,可以算出PV=100×(1-180/360×4.25%)=97.875。2.然后通过计算出来的PV再计算BEY,BEY就是365天形式的a-on-yielBEY=365/180×(100-97.875)/97.875=4.40%,故C正确。 The bonequivalent yielof a 180-y banker’s acceptanquotea scount rate of 4.25% ,求PV为什么不是(FV-PV)/FV * 365/180 ?这里不是说的BEY的scount rate么?后面for a 360-y yeis closest to不是说的算360天的AOR么?

2024-05-27 21:10 1 · 回答

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2024-04-25 10:06 1 · 回答

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2024-02-10 12:50 1 · 回答

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2022-10-08 17:15 1 · 回答