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wqd57d · 2018年05月17日

问一道题:NO.PZ2016031001000059 [ CFA I ]

没看懂这道题考的是哪个概念

问题如下图:

选项:

A.

B.

C.

解释:

1 个答案
已采纳答案

发亮_品职助教 · 2018年05月18日

这个考察的是Bond pirce的变动,与Bond characteristics的关系。

具体讲义的内容如下:

只要market discount rate发生变化,债券价格就会发生变化,但是债券的属性会影响债券价格变动的大小。

所以,有以上讲义里的几条规律;

根据Maturity effect:在Coupon rate一样的情况下,当市场利率发生变动时,期限长的债券其价格变动幅度更大。所以比照A和C债券,A的变动幅度会更小。

根据Coupon effect:在time-to-maturity一样的情况下,当市场利率发生变动时,Coupon rate越小的债券,其价格变动幅度越大。比照A和B债券,A的Coupon rate更小,所以A的变动幅度更大,B更小。

所以B是价格变动幅度最小的债券。

 

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2022-10-24 22:09 1 · 回答

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2020-11-25 05:54 1 · 回答

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2019-11-02 01:43 1 · 回答

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