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dididididi · 2020年01月26日

问一道题：NO.PZ2018062004000195

  1. CFA I
  2. FRA

问题如下：

 A company issued five-years bond at face value $1 million with 8% coupon rate annual payment, and the current market interest rate is 9%, which of the following statement will report in I/S at the first year:

选项：

A.

$86,499.

B.

$80,000

C.

$961,103.

解释：

Answer is A, the present value of future payment indicates an issue date value is $961,103.49(FV=1,000,000, PMT=1,000,000*0.08，N=5，I/Y=9 →CPT PV), so interest expense=$961,103.49*9%=$86,499

老师，您好

我没有想明白，为什么是interest expense在第一年记入了I/S中。操作上，第一年不是应该是一个80000的pmt吗？事实上interest exp.这个金额并没有发生？望解答，谢谢~

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1 个答案

Olive_品职助教 · 2020年02月03日

嗨，努力学习的PZer你好：


对于非平价发行的债券，在I/S中计的是根据在外发行的本金（amortized cost）计算出来的interest expense，而不是简单的coupon payment。Interest expense和coupon payment的差额会摊销债券的账面价值，这个会计处理过程老师在课上用例子详细的讲过，如果忘记了可以复习一下。


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NO.PZ2018062004000195问题如下 A company issuefive-years bonfavalue $1 million with 8% coupon rate annupayment, anthe current market interest rate is 9%, whiof the following statement will report in I/S the first year:A.$86,499.B.$80,000C.$961,103.Answer is the present value of future payment incates issue te value is $961,103.49(FV=1,000,000, PMT=1,000,000*0.08，N=5，I/Y=9 →CPT PV), so interest expense=$961,103.49*9%=$86,499读完题目没看到是计算第一年利息呀

2023-11-02 16:21 2 · 回答

NO.PZ2018062004000195 问题如下 A company issuefive-years bonfavalue $1 million with 8% coupon rate annupayment, anthe current market interest rate is 9%, whiof the following statement will report in I/S the first year: A.$86,499. B.$80,000 C.$961,103. Answer is the present value of future payment incates issue te value is $961,103.49(FV=1,000,000, PMT=1,000,000*0.08，N=5，I/Y=9 →CPT PV), so interest expense=$961,103.49*9%=$86,499 不懂为什么I/S里面记录的是债券的折现价值。 I/S 里面不应该计interest expense 就可以了吗。

2023-06-07 21:15 2 · 回答

NO.PZ2018062004000195 I/S里记录的是不是就是100000了

2021-02-18 12:10 1 · 回答

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2020-03-21 13:31 1 · 回答