紫同学2018-03-16 22:23:01

43. A corporate bond offers a 5% coupon rate and has exactly 3 years remaining to maturity. Interest is paid annually. The following rates are from the benchmark spot curve: Time-to-Maturity Spot Rate 1 year 4.86% 2 years 4.95% 3 years 5.65% The bond is currently trading at a Z-spread of 234 basis points. The value of the bond is closest to: A. 92.38. B. 98.35. C. 106.56. 麻烦老师讲一下，Z-spread这个知识点，视频讲得比较简略。谢谢。