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Nefertity · 2017年12月06日

问一道题：NO.PZ2017092702000009 [ CFA I ]

  1. CFA I
  2. Quantitative

问题如下图：

    

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A.

B.

C.

解释：


in five quarters，算pv为什么不是-5次方？

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1 个答案

源_品职助教 · 2017年12月06日

第一步用计算器计算PV，计算其后付年金模式下计算的PV时间点发生在第一笔现金流的前一期。本题中用计算器所得第一步PV就在T=4时刻。所以第二步往前折现，只要折现4期即可。

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