The bond equivalent yield of a 180-day banker's acceptance quoted at a discount rate of 4.25% for a 360-day year is closest to:
A. 4.31%
B. 4.34%
C. 4.40%
The answer is C.
请问单利折现公式到底是PV = FV / (1 + interest rate * Days/Year)
还是PV = FV * ( 1 - interest rate * Days/Year)？
2、题中的discount rate是折价率。用的是下图公式。折价率好比是在债券面值的基础上打一个折扣，是在面值基础上扣减的关系，和我们平时用到的折现率不是一个概念。