weighted average yield- to-maturity和mcash flow yield分别是什么，有什么区别？

NO.PZ2018120301000024

问题如下：

To illustrate SD&R’s immunization approach for controlling portfolio interest rate risk, Molly discusses a hypothetical portfolio composed of two non-callable, investment-grade bonds. The portfolio has a weighted average yield- to-maturity of 9.55%, a weighted average coupon rate of 10.25%, and a cash flow yield of 9.85%.

The two-bond hypothetical portfolio’s immunization goal is to lock in a rate of return equal to:

选项：

9.55%.

9.85%.

10.25%.

解释：

Correct Answer: B

B is correct. Immunization is the process of structuring and managing a fixed-income portfolio to minimize the variance in the realized rate of return and to lock in the cash flow yield (internal rate of return) on the portfolio, which in this case is 9.85%.

weighted average yield- to-maturity和cash flow yield分别是什么，有什么区别？
cash flow yield和IRR有什么区别

添加评论

0 个答案

0
回答
0
关注
4
浏览

我要回答关注问题

相关问题

NO.PZ2018120301000024 问题如下 Toillustrate SR’s immunization approafor controlling portfolio interestrate risk, Molly scusses a hypotheticportfolio composeof two non-callable,investment-gra bon. The portfolio ha weighteaverage yiel to-maturityof 9.55%, a weighteaverage coupon rate of 10.25%, ana cash flow yielof9.85%.Thetwo-bonhypotheticportfolio’s immunization gois to loin a rate ofreturn equto: A.9.55%. 9.85%. 10.25%. CorreAnswer: is correct. Immunization is the process of structuring anmanaging a fixeincome portfolio to minimize the varianin the realizerate of return anto loin the cash flow yiel(internrate of return) on the portfolio, whiin this case is 9.85%. 在强化班《ration Matching: principles ancontions》这门课30分钟（1.5倍速）的时候，何老师讲 cash flow yiel就是整个组合里每只债券的ytm的加权平均。这个题已经给已知条件，ytm的加权平均和cash flow yiel不是一个数。请问为什么？谢谢

2022-12-25 11:33 2 · 回答

NO.PZ2018120301000024问题如下 Toillustrate SR’s immunization approafor controlling portfolio interestrate risk, Molly scusses a hypotheticportfolio composeof two non-callable,investment-gra bon. The portfolio ha weighteaverage yiel to-maturityof 9.55%, a weighteaverage coupon rate of 10.25%, ana cash flow yielof9.85%.Thetwo-bonhypotheticportfolio’s immunization gois to loin a rate ofreturn equto: A.9.55%.9.85%.10.25%. CorreAnswer: is correct. Immunization is the process of structuring anmanaging a fixeincome portfolio to minimize the varianin the realizerate of return anto loin the cash flow yiel(internrate of return) on the portfolio, whiin this case is 9.85%. 请问题目问的是哪里的考点

2022-10-30 22:02 1 · 回答