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anyewumian · 2020年09月05日

问一道题:NO.PZ2016031002000024

问题如下:

Maureen is assessing the value of an infrequently traded bond with an annual coupon of 6%.The bond has 6 years to maturity. Maureen has collected yields-to-maturity for more liquid bonds with the same credit rating:

l5% coupon, 8 years to maturity, yielding 8.03%.

l6% coupon, 5 years to maturity, yielding 6.50%.

The infrequently traded bond is most likely to trade at:

选项:

A.

par value.

B.

a premium to par value.

C.

a discount to par value.

解释:

C is correct.

Using linear interpolation, the yield on a bond with six years to maturity should be 6.50%+(1/3)(8.03%−6.50%)=7.01%. A bond with a 6% coupon and a yield of 7.01% is at a discount to par value.

老师可以解释一下这道题吗

1 个答案

WallE_品职答疑助手 · 2020年09月05日

同学你好,

这就相当于地图上3cm代表了900米,现在问你1cm代表了多少米。

你把对应的那1/3收益率加上基准的收益率6.5%即可