Oliverbug2020-08-11 16:44:20

Assuming a $1.5million certificate of deposit(CD) with 270 days and priced with add-on yield of 2.3% on 365-day a year. The payment at maturity and bond equivalent yield of the CD are: Correct answer: z Add-on rate for 270-day=270/365˜2.3%=1.7014%; z At maturity, CD pay $1.5 million ˜ (1＋1.7014%)=$1,525,521; z The quoted rate on CD of 2.3% is bond equivalent yield. 老师，这题不太懂为什么这么做。以及第三个，QR是怎么出来的？BEY不是应该由公式得出吗。。 还是说，因为题目中给出了365，也写了是ADD ON YIELD，所以BEY就等于这个ADD ON YIELD？