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jackkk812 · 2024年07月24日

如题

NO.PZ2023052301000031

问题如下:

An analyst is analyzing a six-year callable bond with a semiannual coupon of 2.50% trading at a price of 98.90 per 100 par value and the following call schedule:


选项:

解释:

The correct yield values matched with the corresponding yield measures are presented in the following table:


Calculation of yield-to-first call:


Calculation of yield-to-second call:


Calculation of yield-to-maturity:


这道题semi-annual coupon rate 不是2.5吗,为什么答案里的PMT用的是1.25

1 个答案

吴昊_品职助教 · 2024年07月24日

嗨,从没放弃的小努力你好:


with a semiannual coupon of 2.50%,任何只要我们表达出来的利率都是年化的形式,这里的2.50%也是年化的形式。

现在一年是付息两次的,所以一期的利率=2.50%/2=1.25%,则一期的PMT=1.25%×100=1.25

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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