题目大概意思是:
The corporate bond currently yields 4.90%.
用risk premium approach,算出Required yield = Real risk-free interest rate + Inflation premium + Default risk premium + Maturity premium + Call risk premium= 1.30% + 1.50% + 0.80% + 1.00% + 0.60%= 5.20%
问:should purchase the corporate bond?
答案:The bond should not be purchased because the market yield of 4.90% does not fully compensate for the risks embedded in the bond.
可我认为,买入bond在于未来yield的上升,current market yield应该上升并等于Required yield,这是对的莫?