Archie · 2022年05月06日
NO.PZ2020021203000091
问题如下：
"The higher interest rates are, the easier it is for a bank to create a principal protected note." Explain this statement.
解释：
In a principal protected note, the price of a call option has to be greater than the difference between S and PV(S). As interest rates increase, the difference becomes greater. Thus, it is easier to create a principal protected note.
老师您好，题目和答案都没看明白，麻烦解答 没看出来是什么考点
NO.PZ2020021203000091 问题如下 \"The higher interest rates are, the easier it is for a bank to create a principprotectenote.\" Explain this statement. In a principprotectenote, the priof a call option hto greater ththe fferenbetween S anPV(S). interest rates increase, the fferenbecomes greater. Thus, it is easier to create a principprotectenote. 老师好，我对于答案这句话有点不太理解 hto greater ththe ff between Favalue anPV。 难道不应该是cost of the call option hto less thff between Favalue anPV of the bon才行吗。为什么答案说greater呢按照老师课堂的例子一个3年起无息债，favalue 10,000 同时long 一个call option 以10,000为stripricecost = 10,000(1+rf)^3+CGain = 10,000+max(st-10,000) =10,000Principis protectewhen10,000(1+ft)^3+C = 10,000C =10,000-10,000(1+rf)^3
NO.PZ2020021203000091 the priof a call option hto greater ththe fferenbetween S anPV(S)，看涨期权的价格+债券投入成本小于等于执行价格，不是意味着看涨期权的价格要小于等于S和PV（S）的差吗？
看不懂这个英文答案，请指导
