开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

Coral · 2019年07月28日

问一道题:NO.PZ2016031002000031 [ CFA I ]

问题如下图:老师,为啥不是100/(1+6%)+100/(1+8%)+1100/(1+10%),课上的例题折算也是这样做的,这两道题情况有什么不同呢?

选项:

A.

B.

C.

解释:

1 个答案
已采纳答案

吴昊_品职助教 · 2019年07月29日

题目中的8%和10%是远期利率,而不是即期利率。所以不能用你说的方法来做。

并且,如果我改一下已知条件,将8%和10%换成两年期和三年期的即期利率,我们折现求和也应该是100/(1+6%)+100/(1+8%)^2+1100/(1+10%)^3
你的列式中,后两项分母都缺少次方,这样列式是不对的。

加油~

  • 1

    回答
  • 2

    关注
  • 541

    浏览
相关问题

NO.PZ2016031002000031 问题如下 The following spot anforwarrates have been given: Current 1-yespot rate is 6%. One-yeforwarrate one yefrom toy is 8%. One-yeforwarrate two years from toy is 10%.What's the value of a 3-year, 10% annual-pay, $1000 pvalue bon A.$996. B.$1,055. C.$1,086. B is correct.考点bonvaluation解析通过现金流折现求和,可得债券价格为1055.21,故B正确。Bonvalue=1001.06+100(1.06)(1.08)+1100(1.06)(1.08)(1.1)Bontext{ }value=\\\frac{100}{1.06}+\frac{100}{(1.06)(1.08)}+\frac{1100}{(1.06)(1.08)(1.1)}\\Bonvalue=1.06100​+(1.06)(1.08)100​+(1.06)(1.08)(1.1)1100​=$1055.21 如题,老师我的算法是(1+y)三次方=(1+6%)(1+8%)(1+10%),算出来y=7.98% 然后n=3 pmt=100 FV=1000,算出来pv=1052,请问老师这种方法错在哪里呢?谢谢!

2023-10-15 21:38 4 · 回答

NO.PZ2016031002000031问题如下 The following spot anforwarrates have been given: Current 1-yespot rate is 6%. One-yeforwarrate one yefrom toy is 8%. One-yeforwarrate two years from toy is 10%.What's the value of a 3-year, 10% annual-pay, $1000 pvalue bonA.$996.B.$1,055.C.$1,086. B is correct.考点bonvaluation解析通过现金流折现求和,可得债券价格为1055.21,故B正确。Bonvalue=1001.06+100(1.06)(1.08)+1100(1.06)(1.08)(1.1)Bontext{ }value=\\\frac{100}{1.06}+\frac{100}{(1.06)(1.08)}+\frac{1100}{(1.06)(1.08)(1.1)}\\Bonvalue=1.06100​+(1.06)(1.08)100​+(1.06)(1.08)(1.1)1100​=$1055.21 求解。

2023-08-27 15:08 1 · 回答

NO.PZ2016031002000031 问题如下 The following spot anforwarrates have been given: Current 1-yespot rate is 6%. One-yeforwarrate one yefrom toy is 8%. One-yeforwarrate two years from toy is 10%.What's the value of a 3-year, 10% annual-pay, $1000 pvalue bon A.$996. B.$1,055. C.$1,086. B is correct.考点bonvaluation解析通过现金流折现求和,可得债券价格为1055.21,故B正确。Bonvalue=1001.06+100(1.06)(1.08)+1100(1.06)(1.08)(1.1)Bontext{ }value=\\\frac{100}{1.06}+\frac{100}{(1.06)(1.08)}+\frac{1100}{(1.06)(1.08)(1.1)}\\Bonvalue=1.06100​+(1.06)(1.08)100​+(1.06)(1.08)(1.1)1100​=$1055.21

2023-05-31 13:03 1 · 回答

$1,055. $1,086. B is correct. lBonvalue=1001.06+100(1.06)(1.08)+1100(1.06)(1.08)(1.1){l}Bontext{ }value=\\\frac{100}{1.06}+\frac{100}{(1.06)(1.08)}+\frac{1100}{(1.06)(1.08)(1.1)}\\lBonvalue=1.06100​+(1.06)(1.08)100​+(1.06)(1.08)(1.1)1100​=$1055.21请问这道题和PPT176页的题一样,为什么算法不同?

2021-05-11 06:08 1 · 回答

为什么不能 (1+S3)3次方 = (1+S1)*(1+1y1y)2次方*(1+2y1y)3次方 S3=18.06% 最后用计算器 N=3 I/Y=18.06 PMT=100 FV=1000 算PV呢 谢谢

2020-11-06 14:04 1 · 回答