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

小鸣哥哥 · 2021年04月11日

book value 与market value

NO.PZ2016012102000150

问题如下:

When market intertest rates are 8%, a company issues a $1 million bond with a 10% coupon rate, 5 years to maturity, and the interest is paid on an annual.

According to the information, which of the following statements about the bond is correct?

选项:

A.

The initial book value of the bonds is $900,000.

B.

The initial book value of the bonds is $1,079,854.

C.

The initial book value of the bonds is $1,000,000.

解释:

B is correct.

N=5

I/Y=8

PMT=$1,000,000 × 10%=$100,000

FV=$1,000,000

Then CPT=$1,079,854

Option C is not the correct answer, because the coupon rate> the market rate, the bond is a premium bond.

你好老师,


关于book value 我认为的是bond的face value,如果按照答案,应该是市场的market value, 请问这个理解对不对?

1 个答案
已采纳答案

纠纠_品职答疑助手 · 2021年04月11日

嗨,爱思考的PZer你好:


book value 是指记在账本上的value,债券发行期初的时候book value 在数值上是 market value。


bond face value 是指债券的面值,market value是市场价值,这是三个概念,同学需要注意分辨。


----------------------------------------------
努力的时光都是限量版,加油!

  • 1

    回答
  • 0

    关注
  • 798

    浏览
相关问题

NO.PZ2016012102000150问题如下When market intertest rates are 8%, a company issues a $1 million bonwith a 10% coupon rate, 5 years to maturity, anthe interest is paion annual.Accorng to the information, whiof the following statements about the bonis correct?A.The initibook value of the bon is $900,000.B.The initibook value of the bon is $1,079,854.C.The initibook value of the bon is $1,000,000. B is correct.N=5I/Y=8PMT=$1,000,000 × 10%=$100,000FV=$1,000,000Then CPT=$1,079,854Option C is not the correanswer, because the coupon rate the market rate, the bonis a premium bon考点债券账面价值 根据已知条件,算出债券的现值为$1,079,854。又因为,在B/S上确认的债券账面价值等于其现值,所以初始确认的债券账面价值为$1,079,854。 如问题,直接理解为溢价发行,所以初始计量高于面值

2023-05-17 08:03 1 · 回答

NO.PZ2016012102000150 问题如下 When market intertest rates are 8%, a company issues a $1 million bonwith a 10% coupon rate, 5 years to maturity, anthe interest is paion annual.Accorng to the information, whiof the following statements about the bonis correct? A.The initibook value of the bon is $900,000. B.The initibook value of the bon is $1,079,854. C.The initibook value of the bon is $1,000,000. B is correct.N=5I/Y=8PMT=$1,000,000 × 10%=$100,000FV=$1,000,000Then CPT=$1,079,854Option C is not the correanswer, because the coupon rate the market rate, the bonis a premium bon考点债券账面价值 根据已知条件,算出债券的现值为$1,079,854。又因为,在B/S上确认的债券账面价值等于其现值,所以初始确认的债券账面价值为$1,079,854。 coupon rate大于market rate,溢价发行,直接选大于1000000的答案,对吗

2022-09-22 23:45 1 · 回答