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Dang.D · 2023年04月27日

想问一下，为啥I/Y=5，不是 4呢，题目里的这两个利率的描述给我绕晕了

  1. CFA I
  2. FRA

NO.PZ2017102901000068

问题如下：

A company issues $30,000,000 face value of five-year bonds dated 1 January 2015 when the market interest rate on bonds of comparable risk and terms is 5%. The bonds pay 4% interest annually on 31 December. Based on the effective interest rate method, the carrying amount of the bonds on 31 December 2015 is closest to:

选项：

A.

$28,466,099.

B.

$28,800,000.

C.

$28,936,215.

解释：

C is correct.

N=5，I/Y=5，FV =$30,000,000.00，PMT= $1,200,000.00，→PV= $28,701,157.00

The following table illustrates interest expense, premium amortization, and carrying amount (amortized cost) for 2015.

Alternatively, the following illustrates the keystrokes for many financial calculators to calculate the carrying value at the end of first year of $28,936, 215:

N=4，I/Y=5，FV =$30,000,000.00，PMT= $1,200,000.00，→PV= 28,936, 215

如上，麻烦老师帮忙解释一下

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lynn_品职助教 · 2023年04月29日

嗨，从没放弃的小努力你好：


market interest rate 5%是市场的利率，


pay 4% interest annually是票面利率，是债券发售的时候约定的利率，但是我们有折价溢价，也就是实际上我们付的利息是按市场利率计算的，所以要用5%。

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NO.PZ2017102901000068 问题如下 A company issues $30,000,000 favalue of five-yebon te1 January 2015 when the market interest rate on bon of comparable risk anterms is 5%. The bon p4% interest annually on 31 cember. Baseon the effective interest rate metho the carrying amount of the bon on 31 cember 2015 is closest to: A.$28,466,099. B.$28,800,000. C.$28,936,215. C is correct.N=5，I/Y=5，FV =$30,000,000.00，PMT= $1,200,000.00，→PV= $28,701,157.00The following table illustrates interest expense, premium amortization, ancarrying amount (amortizecost) for 2015.Alternatively, the following illustrates the keystrokes for many financicalculators to calculate the carrying value the enof first yeof $28,936, 215:N=4，I/Y=5，FV =$30,000,000.00，PMT= $1,200,000.00，→PV= 28,936, 215 所以我算半天，结果只需要把n往后折一年用4就可以了？

2023-02-14 07:42 1 · 回答

NO.PZ2017102901000068问题如下A company issues $30,000,000 favalue of five-yebon te1 January 2015 when the market interest rate on bon of comparable risk anterms is 5%. The bon p4% interest annually on 31 cember. Baseon the effective interest rate metho the carrying amount of the bon on 31 cember 2015 is closest to:A.$28,466,099.B.$28,800,000.C.$28,936,215.C is correct.N=5，I/Y=5，FV =$30,000,000.00，PMT= $1,200,000.00，→PV= $28,701,157.00The following table illustrates interest expense, premium amortization, ancarrying amount (amortizecost) for 2015.Alternatively, the following illustrates the keystrokes for many financicalculators to calculate the carrying value the enof first yeof $28,936, 215:N=4，I/Y=5，FV =$30,000,000.00，PMT= $1,200,000.00，→PV= 28,936, 215只算出了第一步PV 然后就不会了，这道题考察的是什么知识点啊？

2022-08-04 09:01 1 · 回答

NO.PZ2017102901000068 感觉答案的里分摊成本根本用不上啊，用BASE法则计算就可以了

2021-10-24 16:52 1 · 回答

NO.PZ2017102901000068 如题。。。。。。。。。。。。。。。。

2021-10-06 20:21 1 · 回答