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rosie · 2018年03月07日

问一道题：NO.PZ2017092702000009 [ CFA I ]

  1. CFA I
  2. Quantitative

问题如下图：

选项：

A.

B.

C.

解释：

为什么A/r不是该题的PV？

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1 个答案

源_品职助教 · 2018年03月08日

因为第一现金流发生的时间是在T=5时刻，那么公式求得现值应该是第一笔现金流发生的前一期，即T=4时刻。所以我们需要对这个现值在往前折现4年到T=0时刻。

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