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
老师您好，这里第一行写了notional principal等于200，后面的annual coupon payment是每100par value得payment，那计算yield income的时候为什么不用✖️2？notional principal就是混淆的条件吗？还是什么时候会用的到？
