小米 · 2020年02月16日

问一道题：NO.PZ201812020100000807

1. CFA III
2. Fixed Income

* 问题详情，请 查看题干

问题如下：

Based on Exhibit 3, the 1-year expected return of the Buy-and-Hold portfolio for the Cefrino Australian government bond portfolio is closest to:

选项：

A.

0.83%.

B.

1.08%.

C.

2.22%

解释：

B is correct.

The total expected return is calculated as:

Total expected return = Yield income + Rolldown return = Rolling yield + E (currency gains or losses).

为什么持有到期的收益率不直接是YTM