NO.PZ202305230100000104
问题如下：
Calculate the value of Antelas’s payment to bondholders on the maturity date if the MRR is 0.25% p.a. for the final interest period.
选项：
A.
EUR 1,718,750
B.
EUR 251,718,750
C.
EUR 256,875,000
解释：
B is correct. On the maturity date, Antelas AG pays investors the final FRN coupon payment plus the bond’s principal amount. The FRN coupon comprises MRR plus the issuer-specific spread.
■ FRN coupon rate: MRR plus spread, or 0.25% + 2.50%= 2.75%
■ Annual interest expense: Principal × FRN coupon, or €EUR250,000,000 × 2.75% = EUR6,875,000
■ Quarterly interest expense: Annual interest expense/4, or EUR6,875,000/4 = EUR1,718,750
■ Principal Amount: EUR250,000,000
■ Total Payment = EUR250,000,000 + EUR1,718,750 = 251,718,750
如题，我尝试输入N=4*4=16， I/Y=2.75，FV=2,500,000, PV =0, PMT得出126,492
问题：如果可以用计算器的行情，PV应该用0吗？还是PMT就是用coupon rate算出来的，在此基础上计算器可以算出来PV？
谢谢！
