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Serena · 2020年10月04日

问一道题:NO.PZ2018062006000079 [ CFA I ]

问题如下:

XYZ company has issued a 4-year semi-annual callable bond with a coupon rate of 8% and the bond's current price is 105. The bond's second call date is at the end of the third year after issuance, and the call price is 102. What`s the bond's annual yield-to-second-call?

选项:

A.

5.01%

B.

3.37%

C.

6.74%

解释:

C is correct.

PV= -105,N=6,PMT=4,FV=102,CPT  I/Y=3.3719%

The annual yield-to-second-call=3.3719%×2=6.7438%

为什么second call 是直接乘以2。知识点是哪里讲到的。
1 个答案

WallE_品职答疑助手 · 2020年10月04日

同学您好,

不是因为他叫second call 所以乘以2,而是因为它是semi-annual callable bond,半年一次的,所以年化要乘以2

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2023-04-14 07:24 1 · 回答

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2020-11-22 23:18 1 · 回答

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