问题如下:
7. By choosing to buy Bond Z, Nguyen is most likely making which of the following assumptions?
选项:
A.Bond Z will be held to maturity
B.The three-year forward curve is above the spot curve
C.Future spot rates do not accurately reflect future inflation
解释:
B is correct.
Nguyen’s strategy is to ride the yield curve, which is appropriate when the yield curve is upward sloping. The yield curve implied by Exhibit 1 is upward sloping, which implies that the three-year forward curve is above the current spot curve. When the yield curve slopes upward, as a bond approaches maturity or "rolls down the yield curve," the bond is valued at successively lower yields and higher prices.
您好老师,请问可不可以解释一下选项c,不懂它为什么被排除。而且我在做题的时候认为它满足了stable curve 这个assumption,是不是理解错了?