问题如下图:
选项:
A.
B.
C.
解释:
怎么知道A选项也是D公司发行的,如果不是同一个borrower那是否CTD就是50%NO.PZ2019011002000014 问题如下 Ais a Frenwealth management company. It investe$10 million in Corporation s 10-yesenior unsecurebon Being afraithcompany woulfault, Apurchasea $10 million C on company with a stanrzecoupon rate of 5%.3 months later, company files for bankruptcy, triggering various C contracts. Awealth company assesses the cret quality of the corporate bonthey investeanthe value of the C on the bonThe following is the relevant information on Corporation s bon currently trang in the market:Bon1: A 5-yesenior unsecurebontrang 40% of par.Bon2: A 10-yesenior unsecurebontrang 50% of parBon3: A 6-yesubornateunsecurebontrang 30% of par.Accorng to the information above, whether Awoulprefer to cash settle or physically settle or infferent prefer a cash settlement prefer a physicsettlement infferent A is correct.考点C的Settlement解析应该选择Cash settlement;ABC公司当前持有的是10-yesenior unsecurebon即Bon2,目前的价值为50% of par。如果选择Cash settlement,收到6million,10million(1-40%)=6million;同时卖出Bon2收到5million;则一共有11million;如果公司选择Physicsettlement, 公司只能收到10million,即C contract的notionprincipal. 老师,请问题目中提到是投资了10年的SENIOR UNSECUREBON但是bon1是5年的Senior,不应该是在被投资的C所覆盖的范围内,所以我选择了答案C,没有区别的。问题是否我理解有误,题目即便给定了10年的senior,意思是包括了所有的senior unsecurebon?谢谢!
NO.PZ2019011002000014问题如下Ais a Frenwealth management company. It investe$10 million in Corporation s 10-yesenior unsecurebon Being afraithcompany woulfault, Apurchasea $10 million C on company with a stanrzecoupon rate of 5%.3 months later, company files for bankruptcy, triggering various C contracts. Awealth company assesses the cret quality of the corporate bonthey investeanthe value of the C on the bonThe following is the relevant information on Corporation s bon currently trang in the market:Bon1: A 5-yesenior unsecurebontrang 40% of par.Bon2: A 10-yesenior unsecurebontrang 50% of parBon3: A 6-yesubornateunsecurebontrang 30% of par.Accorng to the information above, whether Awoulprefer to cash settle or physically settle or infferentprefer a cash settlement prefer a physicsettlement infferent A is correct.考点C的Settlement解析应该选择Cash settlement;ABC公司当前持有的是10-yesenior unsecurebon即Bon2,目前的价值为50% of par。如果选择Cash settlement,收到6million,10million(1-40%)=6million;同时卖出Bon2收到5million;则一共有11million;如果公司选择Physicsettlement, 公司只能收到10million,即C contract的notionprincipal.收到6百万的现金是怎么得来的呢?题干中没说到cash settlement 的情况呀
NO.PZ2019011002000014 问题如下 Ais a Frenwealth management company. It investe$10 million in Corporation s 10-yesenior unsecurebon Being afraithcompany woulfault, Apurchasea $10 million C on company with a stanrzecoupon rate of 5%.3 months later, company files for bankruptcy, triggering various C contracts. Awealth company assesses the cret quality of the corporate bonthey investeanthe value of the C on the bonThe following is the relevant information on Corporation s bon currently trang in the market:Bon1: A 5-yesenior unsecurebontrang 40% of par.Bon2: A 10-yesenior unsecurebontrang 50% of parBon3: A 6-yesubornateunsecurebontrang 30% of par.Accorng to the information above, whether Awoulprefer to cash settle or physically settle or infferent prefer a cash settlement prefer a physicsettlement infferent A is correct.考点C的Settlement解析应该选择Cash settlement;ABC公司当前持有的是10-yesenior unsecurebon即Bon2,目前的价值为50% of par。如果选择Cash settlement,收到6million,10million(1-40%)=6million;同时卖出Bon2收到5million;则一共有11million;如果公司选择Physicsettlement, 公司只能收到10million,即C contract的notionprincipal. 请问题中表示的是senior C吗?看题干中没有提到。
NO.PZ2019011002000014 prefer a physicsettlement infferent A is correct. 考点C的Settlement 解析 应该选择Cash settlement;ABC公司当前持有的是10-yesenior unsecurebon即Bon2,目前的价值为50% of par。如果选择Cash settlement,收到6million,10million(1-40%)=6million;同时卖出Bon2收到5million;则一共有11million; 如果公司选择Physicsettlement, 公司只能收到10million,即C contract的notionprincipal.为何要参照bon的recover rate,和bon没关系呀
NO.PZ2019011002000014 想问10million(1-40%)=6million中的40%是怎么算出来的?