NO.PZ201602270200002004
问题如下:
4. The value of Bond #2 is closest to:
选项:
A.102.103% of par.
B.103.121% of par.
C.103.744% of par.
解释:
A is correct.
:
S= Interest Rate Scenario
C=Cash Flow (% of par)
R=One-year Interest rate (%)
V= Value of the Callable Bond’s Future Cash Flows (% of par)
为什么par rate 没有用?二叉树上的是什么?forward rate么?这里为什么要用one yearforward rate呢?