开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

今日打卡 · 2021年02月22日

烦请翻译一下问题，以判断是我知识点理解的问题还是翻译的问题

  1. CFA I
  2. Quantitative

NO.PZ2018062016000002

问题如下：

Company XYZ issues two identical bonds at the same time. Bond A is rated AAA grade while Bond B is B+ grade. The most likely risk premium between the two bonds is:

选项：

A.

maturity risk premium

B.

inflation rate

C.

default risk premium

解释：

C is correct.

AAA grade and B+ grade is the credit rating of the bonds. A bond with triple A grade is high quality bond, and a bond with B+ grade is high yield bond (or junk bond). Bond A and Bond B are similar except for the credit rating. Therefore, the most likely risk premium in this question is default risk premium.

"The most likely risk premium between the two bonds is:"   这句话的翻译。感觉有道译的不准

添加评论
1 个答案

星星_品职助教 · 2021年02月23日

同学你好，

这句话可以理解为 对比这两只（其他条件相同的）债券，它们的风险溢价（risk premium）相差在哪？

根据题干，这两只债券的其他条件都相同，只是债券B的信用评级更低，所如果想让投资者愿意购买这个债券B，就需要加一个信用风险的溢价去补偿投资者可能遭受的信用风险。不然投资者就不买了或者全去买债券A了。

而债券A由于本身信用质量比较好，就不用加这个信用风险溢价了。

所以两只债券的定价中会相差出一个信用的风险溢价，即选择C选项。

  • 1

    回答

  • 0

    关注

  • 548

    浏览
相关问题

NO.PZ2018062016000002问题如下 Company XYZ issues two one-yebon the same time. BonA is rateAgra while BonB is gra. The most likely risk premium between the two bon is: A.maturity risk premiumB.inflation rateC.fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium.这是一个提问测试测试

2023-05-07 16:20 1 · 回答

NO.PZ2018062016000002 问题如下 Company XYZ issues two one-yebon the same time. BonA is rateAgra while BonB is gra. The most likely risk premium between the two bon is: A.maturity risk premium B.inflation rate C.fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium. Cret RP 和 fault RP 一样吗？

2022-11-06 16:13 1 · 回答

NO.PZ2018062016000002问题如下 Company XYZ issues two one-yebon the same time. BonA is rateAgra while BonB is gra. The most likely risk premium between the two bon is: A.maturity risk premiumB.inflation rateC.fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium.請問這2個債券既然都是company xyz （同一公司）同時間發行、相同期限的債券，為何fault risk 還會有差異呢？ 謝謝

2022-10-01 09:00 1 · 回答

NO.PZ2018062016000002 inflation rate fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium. 还是没有太理解为什么不是maturity rate

2022-03-07 18:23 2 · 回答

NO.PZ2018062016000002 inflation rate fault risk premium C is correct. Agra angra is the cret rating of the bon. A bonwith triple A gra is high quality bon ana bonwith gra is high yielbon(or junk bon. BonA anBonB are similexcept for the cret rating. Therefore, the most likely risk premium in this question is fault risk premium.the most likely的意思不是最相同的意思吗，那应该选maturity啊

2022-01-22 09:06 1 · 回答