NO.PZ2020011303000203
问题如下:
The yield on a two-year bond that provides a coupon of 5% is 6% (semi-annually compounded). What is the price of the bond per USD 100 of face value?
选项:
解释:
The price of the bond is
2.5/1.03+2.5/1.032+2.5/1.033+102.5/1.034=98.14
that is, USD
98.14 per USD 100 of face value.
有点分不太清楚,有的题可以用计算器算,有的需要列式子计算。