NO.PZ2018062006000083
问题如下:
A 150-day banker's acceptance is quoted at a discount rate of 5.62% for a 360-day year. What`s the bond equivalent yield?
选项:
A.3.21%
B.6.55%
C.5.84%
解释:
C is correct.
First we need calculate PV:
PV = 97.658
Then we use PV to calculate the bond equivalent yield:
考点:Bond Equivalent Yield
解析:discount rate是折价率,相当于在面值基础上打一个折扣。假设FV=100,就可以通过discount rate把PV算出来,得PV=97.658。Bond Equivalent Yield是一年按365天算的Add-on Yield。BEY=【(FV-PV)/PV】×365/days,代入可得BEY=5.84%,故选项C正确。
如题哈~ 感谢老师