NO.PZ2019103001000011
问题如下：
Deveraux and Foster review the total expected 12-month return (assuming no reinvestment income) for the global bond portfolio. Selected financial data are presented in Exhibit 2.
Based on Exhibit 2, the total expected return of the fund’s global bond portfolio is closest to:
选项：
A.0.90%.
2.20%.
3.76%.
解释：
B is correct.
The total expected return is calculated as:
Total expected return = Rolling yield + E(Change in price based on investor’s yield and yield spread view) – E(Credit losses) + E(Currency gains or losses)
Rolling yield = Yield income + Rolldown return
不好意思 写错了 如果coupon 半年付息一次
是2.25/ 98.45
还是2.25*2 / 98.45
