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chii · 2024年05月05日

这个题PMT=1 是怎么求的

NO.PZ2023120801000038

问题如下:

A four-year, 2.0% semiannual coupon bond that pays coupons semiannually is trading at a price of 102.581. The bond’s annualized yield-to-maturity is closest to:

选项:

A.

0.67%

B.

1.34%

C.

2.22%

解释:

Correct Answer: B

N=8, PMT=1, PV= -102.581, FV=100, CPT→I/Y=0.67

The periodic IRR is annualized by multiplying by two, so the annualized IRR is 1.34%.

问题如下:

A four-year, 2.0% semiannual coupon bond that pays coupons semiannually is trading at a price of 102.581. The bond’s annualized yield-to-maturity is closest to:

选项:

A.

0.67%

B.

1.34%

C.

2.22%

解释:

Correct Answer: B

N=8, PMT=1, PV= -102.581, FV=100, CPT→I/Y=0.67

The periodic IRR is annualized by multiplying by two, so the annualized IRR is 1.34%.

1 个答案

吴昊_品职助教 · 2024年05月06日

嗨,努力学习的PZer你好:


现在题干中有债券信息:2.0% semiannual coupon bond ,说明债券是半年付息一次,并且年化的coupon rate=2%。那么一期(半年)的现金流为100×2%÷2 = 1,所以PMT=1。

由于债券价格是102.581,在100附近,我们默认债券面值为100。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!