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宇宙球求 · 2024年06月18日

英语问题:highest liquidity premium是流动性溢价,难道不是找流动性更好的意思?

NO.PZ2023032703000005

问题如下:

Regarding the purchase of corporate bonds, Foster collects relevant data, which are presented in Exhibit 1.


Based on Exhibit 1, which bond most likely has the highest liquidity premium?

选项:

A.

Bond 1

B.

Bond 2

C.

Bond 3

解释:

C is correct. Bond 3 is most likely to be the least liquid of the three bonds presented in Exhibit 2 and will thus most likely require the highest liquidity premium. Low credit ratings, longer time since issuance, smaller issuance size, smaller issuance outstanding, and longer time to maturity typically are associated with a lower liquidity (and thus a higher liquidity premium). Bond 3 has the lowest credit quality and the longest time since issuance of the three bonds. Bond 3 also has a smaller issue size and longer time to maturity than Bond 1. The total issuance outstanding for Bond 3 is smaller than that of Bond 2 and equal to that of Bond 1.

求问

1 个答案
已采纳答案

pzqa31 · 2024年06月18日

嗨,从没放弃的小努力你好:


highest liquidity premium的意思是哪个有最高的流动性溢价,回忆一下咱们在计算折现率的时候,是在rf上加上信用利差,流动性溢价等等,可以看成给予投资者的补偿,所以流动性越差的资产,给与投资者的补偿越高,也就是有更高的流动性溢价。


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努力的时光都是限量版,加油!

宇宙球求 · 2024年06月19日

明白了!

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