Yuanzi · 2021年08月30日

老师烦请确认我下面的总结对不对

1. CFA II
2. Fixed Income

* 问题详情，请 查看题干

NO.PZ201602270200002001

问题如下：

1. The call feature of Bond #2 is best described as:

选项：

A.

European style.

B.

American style.

C.

Bermudan style.

解释：

C is correct.

The call option embedded in Bond #2 can be exercised only at two predetermined dates: 1 October 20X1 and 1 October 20X2. Thus, the call feature is Bermudan style.

1. European option: 只有在Maturity才能行权
2. American option：能在任意时间点行权
3. Bermuda option: 在规定的两个时间点间任意时间行权