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一只可爱的猪 · 2020年02月29日

问一道题:NO.PZ2016031001000003

问题如下:

A company has issued a floating-rate note with a coupon rate equal to the three-month Libor + 65 basis points. Interest payments are made quarterly on 31 March, 30 June, 30 September, and 31 December. On 31 March and 30 June, the three-month Libor is 1.55% and 1.35%, respectively. The coupon rate for the interest payment made on 30 June is:

选项:

A.

2.20%.

B.

2.10%.

C.

2.00%.

解释:

A is correct.

The coupon rate that applies to the interest payment due on 30 June is based on the three-month Libor rate prevailing on 31 March. Thus, the coupon rate is 1.55% + 0.65% = 2.20%.

我不太明白,为什么这里不用除以4?三个月计息,可是这些都是年化利率啊

1 个答案

吴昊_品职助教 · 2020年03月01日

这里只是让我们求coupon rate,而不是coupon payment。coupon rate由于是利率所以也是年化的形式,所以从Libor到最后求出来的coupon rate都不需要除以4。如果题目让我们求的是某一期的coupon payment,由于payment是一期一期支付的,就需要除以4.

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NO.PZ2016031001000003 问题如下 A company hissuea floating-rate note with a coupon rate equto the three-month MRR + 65 basis points. Interest payments are ma quarterly on 31 March, 30 June, 30 September, an31 cember. On 31 Maran30 June, the three-month MRR is 1.55% an1.35%, respectively. The coupon rate for the interest payment ma on 30 June is: A.2.00%. B.2.10%. C.2.20%. C is correct.The coupon rate thapplies to the interest payment e on 30 June is baseon the three-month MRR rate prevailing on 31 March. Thus, the coupon rate is 1.55% + 0.65% = 2.20%.考点浮动利率债券解析现在要我们求的是6月30日支付的利息,而每一期的利息都是由期初利率决定的,所以6月30日的利息是由3月31日的利率确定的,3月31日的三个月MRR是1.55%,所以我们在1.55%的基础上加上0.65%得到2.2%,故C正确。 the three-month MRR is 1.55% an1.35%

2023-09-11 12:08 1 · 回答

NO.PZ2016031001000003 问题如下 A company hissuea floating-rate note with a coupon rate equto the three-month MRR + 65 basis points. Interest payments are ma quarterly on 31 March, 30 June, 30 September, an31 cember. On 31 Maran30 June, the three-month MRR is 1.55% an1.35%, respectively. The coupon rate for the interest payment ma on 30 June is: A.2.00%. B.2.10%. C.2.20%. C is correct.The coupon rate thapplies to the interest payment e on 30 June is baseon the three-month MRR rate prevailing on 31 March. Thus, the coupon rate is 1.55% + 0.65% = 2.20%.考点浮动利率债券解析现在要我们求的是6月30日支付的利息,而每一期的利息都是由期初利率决定的,所以6月30日的利息是由3月31日的利率确定的,3月31日的三个月MRR是1.55%,所以我们在1.55%的基础上加上0.65%得到2.2%,故C正确。 如题。。

2022-10-31 16:14 1 · 回答

请问如何看出是用上一个季度的利率?

2020-09-19 02:27 1 · 回答

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2020-07-25 17:25 1 · 回答