NO.PZ2020021204000015
问题如下:
A two-year bond that pays coupons semi-annually at the rate of 7% per year has a market price of 103. What is the bond's yield measured with semi-annual compounding?
解释:
To determine the yield, y, we must solve:
By trial and error (or using Solver) the solution is y = 0.053975. The yield is 5.3975%.
老师您好,这道题是用的离散的公式,但有的题没说明是连续的但也用的是连续的公式。所以考试的时候到底是用离散公式还是连续的公式呢