问题如下:
Gustave is a fund manager. He is considering adding a 2-year bond in his portfolio with a 7% coupon rate and par value is 100. The inerest of the bond is paid annually. Assuming 1-year's and 2-year's spot rate are 4% and 5% now respectively, the price of the bond is closest to:
选项:
A.103.78.
B.102.85.
C.105.81.
解释:
A is correct.
The bond price is closest to 103.78.
PV = 6.73 + 97.05 = 103.78
想问下,什么情况下,需要得出现值时,需要将现金流除以每年的spot?
例如这一题,什么情况下需要把第二年的现金流107除以(1+4%)(1+5%)?
有点混乱了,谢谢!!