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周梅 · 2024年10月13日

portpolio

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NO.PZ202106160100000101

问题如下:

Using the quotes in Exhibit 1, the amount received by Goldsworthy from converting JPY 225,000,000 will be closest to:

选项:

A.

GBP 1,734,906

B.

GBP 1,735,174

C.

GBP 1,735,442

解释:

A is correct.

Goldsworthy has been given a bid–offer spread. Because she is buying the base currency—in this case, GBP—she must pay the offer price of JPY 129.69 per GBP.

JPY225,000.000129.69  JPY/GBP=GBP1,734,906\frac{JPY225,000.000}{129.69\;JPY/GBP}=GBP1,734,906

考点: Spot rates and forward rates以及bid-offer spread

解析: 题目中说投资者要买GBP,那么就应该使用DEALER关于GBP的卖价做加交易。所以可得

JPY225,000.000129.69  JPY/GBP=GBP1,734,906\frac{JPY225,000.000}{129.69\;JPY/GBP}=GBP1,734,906

The difference, or spread, between the yields on the country’s three-year default-free nominal bond and on the default-free real zero-coupon bond is 2.0%. This spread is known as the break-even rate of inflation (BEI), which is composed of the expected rate of inflation plus a risk premium for the uncertainty of future inflation. Because this risk premium component is most likely positive, because investors are unlikely to be very confident in their ability to predict inflation accurately, the expected rate of inflation component would be less than 2.0%.

这答题从哪里看出是投资者对未来预期通货膨胀无信心,是recession吗

1 个答案

笛子_品职助教 · 2024年10月13日

嗨,努力学习的PZer你好:


这答题从哪里看出是投资者对未来预期通货膨胀无信心,是recession吗

Hello,亲爱的同学~

只看

这一段应该是某一道题目的解释。

老师看不到完整的题目。

需要同学把这道题的出处说一下,哪个科目,哪份材料的哪一页。

辛苦同学了~

----------------------------------------------
努力的时光都是限量版,加油!

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