NO.PZ2020011303000160
问题如下:
Explain how discount factors are calculated from coupon-bearing bond prices.
选项:
解释:
We work from the shortest maturity bond to the longest maturity bond calculating discount factors. A bond maturing at time T can be used to calculate the discount factor for that maturity because the discount factors relevant to valuing its coupons have already been calculated.
题目问:如何通过附息债券的价格来计算discount factor?
coupon*discount factor+face value*discount factor=price
题干中的名词是什么意思