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aggiezang · 2018年05月17日

问一道题：NO.PZ2015120604000013 [ CFA I ]

  1. CFA I
  2. Quantitative

问题如下图：

选项：

A.

B.

C.

解释：

N为什么是12，不是13。

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1 个答案

品职辅导员_小明 · 2018年05月17日

因为第一步算得年金的的现值PV12是在T=12时刻(第一笔现金流发生在T=13时刻)。所以第二步计算T=0时刻的PV0时要往前折现12年，即N=12

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