开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

kevinzhu · 2020年07月30日

问一道题:NO.PZ2016031002000044 [ CFA I ]

问题如下:

An investor buys a 10-year bond with 6% annual coupon for $1,000 at par, and is going to hold the bond to maturity. Assuming coupon interest is reinvested at a bond's YTM, how many interest will the investor get over the whole life of the bond?

选项:

A.

$1406.62.

B.

$ 790.85.

C.

$ 600.00.

解释:

B is correct.

The interest portion of a return consists of both the coupon payments and the reinvesting coupon payments, so it can be calculated as below:

N=10, PMT=60, PV=0, I/Y=6%, CPT  FV= -790.85.

​coupon interest is reinvested at a bond's YTM 这句话能得出coupon rate=YTM?

1 个答案

吴昊_品职助教 · 2020年07月30日

同学你好:

An investor buys a 10-year bond with 6% annual coupon for $1,000 at par,以面值发行,可以看出YTM=coupon rate=6%。