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

返回

小鸟宋 · 2019年11月07日

问一道题：NO.PZ2018062016000002

  1. CFA I
  2. Quantitative

问题如下：

Company XYZ issues two identical bonds at the same time. Bond A is rated AAA grade while Bond B is B+ grade. The most likely risk premium between the two bonds is:

选项：

A.

maturity risk premium

B.

inflation rate

C.

default risk premium

解释：

C is correct.

AAA grade and B+ grade is the credit rating of the bonds. A bond with triple A grade is high quality bond, and a bond with B+ grade is high yield bond (or junk bond). Bond A and Bond B are similar except for the credit rating. Therefore, the most likely risk premium in this question is default risk premium.

同一家公司发的债为什么信用评级不一样？

添加评论
1 个答案
已采纳答案

星星_品职助教 · 2019年11月07日

同学你好，

假设同一家公司发行三只债券，第一只债券有强担保，第二只无担保，第三只债券是专门用于并购的垃圾债。可以看出即使是同一家公司的债券，信用质量也不一样，第一只债券安全性最高，所以评级也就最高，而最后一只债券评级最低。

这道题两只债券评级相差极大，所以最有可能的就是信用质量相差极大，类似我刚刚举的例子。加油

_ Steven _ · 2020年02月20日

您好，既然是同一家公司发行的一模一样债券，我理解应该在所有条件上都是一样的，包括担保，期限，利率等。所以这题是不是用词上不严谨还是我对identical这个词的理解有偏差？

星星_品职助教 · 2020年02月20日

这个题出的不大好。但是题干明显的那个意思就是除了评级不同以外，别的都相同，按照这个选就行。这个题看一下以掌握知识点为主就可以了。

  • 1

    回答

  • 0

    关注

  • 359

    浏览
相关问题

NO.PZ2018062016000002问题如下 Company XYZ issues two one-yebon the same time. BonA is rateAgra while BonB is gra. The most likely risk premium between the two bon is: A.maturity risk premiumB.inflation rateC.fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium.这是一个提问测试测试

2023-05-07 16:20 1 · 回答

NO.PZ2018062016000002 问题如下 Company XYZ issues two one-yebon the same time. BonA is rateAgra while BonB is gra. The most likely risk premium between the two bon is: A.maturity risk premium B.inflation rate C.fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium. Cret RP 和 fault RP 一样吗？

2022-11-06 16:13 1 · 回答

NO.PZ2018062016000002问题如下 Company XYZ issues two one-yebon the same time. BonA is rateAgra while BonB is gra. The most likely risk premium between the two bon is: A.maturity risk premiumB.inflation rateC.fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium.請問這2個債券既然都是company xyz （同一公司）同時間發行、相同期限的債券，為何fault risk 還會有差異呢？ 謝謝

2022-10-01 09:00 1 · 回答

NO.PZ2018062016000002 inflation rate fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium. 还是没有太理解为什么不是maturity rate

2022-03-07 18:23 2 · 回答

NO.PZ2018062016000002 inflation rate fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium.the most likely的意思不是最相同的意思吗，那应该选maturity啊

2022-01-22 09:06 1 · 回答