问题如下图:
选项:
A.
B.
C.
解释:
n为何是6。?不该是2吗
NO.PZ2018062006000079 问题如下 XYZ company hissuea 4-yesemi-annucallable bonwith a coupon rate of 8% anthe bons current priis 105. The bons seconcall te is the enof the thiryeafter issuance, anthe call priis 102. What`s the bons annuyielto-seconcall? A.5.01% B.3.37% C.6.74% C is correct.PV= -105,N=6,PMT=4,FV=102,CPT I/Y=3.3719%The annuyielto-seconcall=3.3719%×2=6.7438%考点YTC解析求的是yielto-seconcall,第二次赎回价格为102,因此FV=102,N=3×2=6,PMT=8/2=4,PV= -105,求得I/Y=3.37,再乘2得YTC为6.74%,故C正确。 做这些题目我总是会把PV和FV搞混。。 所以只要是题目里有current price的就是PV是吗,最后的成交价是FV?
NO.PZ2018062006000079 问题如下 XYZ company hissuea 4-yesemi-annucallable bonwith a coupon rate of 8% anthe bons current priis 105. The bons seconcall te is the enof the thiryeafter issuance, anthe call priis 102. What`s the bons annuyielto-seconcall? A.5.01% B.3.37% C.6.74% C is correct.PV= -105,N=6,PMT=4,FV=102,CPT I/Y=3.3719%The annuyielto-seconcall=3.3719%×2=6.7438%考点YTC解析求的是yielto-seconcall,第二次赎回价格为102,因此FV=102,N=3×2=6,PMT=8/2=4,PV= -105,求得I/Y=3.37,再乘2得YTC为6.74%,故C正确。 为什么用105作为PV,而不是102
3.37% 6.74% C is correct. PV= -105,N=6,PMT=4,FV=102,CPT I/Y=3.3719% The annuyielto-seconcall=3.3719%×2=6.7438%第三年年末距离maturity还有一年 为什么是用n=6
3.37% 6.74% C is correct. PV= -105,N=6,PMT=4,FV=102,CPT I/Y=3.3719% The annuyielto-seconcall=3.3719%×2=6.7438%为什么seconcall 是直接乘以2。知识点是哪里讲到的。
3.37% 6.74% C is correct. PV= -105,N=6,PMT=4,FV=102,CPT I/Y=3.3719% The annuyielto-seconcall=3.3719%×2=6.7438% 解答里pmt=4,是不是题目没有注明pvalue,就用100或1000,根据这道题目price都是100+ ,所以用100的面值?几道题目都是这样处理的好像