04.单选题 收藏 标记 纠错 The following information is available for two bonds: Bond X is callable and has an option-adjusted spread (OAS) of 55bp. Similar bonds have a Z-spread of 68bp and a G-spread of 60bp. Bond Y is putable and has an OAS of 100bp. Similar bonds have a Z-spread of 78bp and a G-spread of 66bp. The embedded option cost for Bond: A X is 13bp. B X is 5bp. C Y is 34bp. 查看解析 上一题 下一题 正确答案A 您的答案C本题平均正确率：33% Yield spread难度：一般 推荐：      答案解析 Option cost (Bond X) = Z-spread – OAS = 68bp – 55bp = 13bp Option cost (Bond Y) = Z-spread – OAS = 78bp – 100bp = - 22bp . 问：这里为什么用Z-spread 不用G的。图中Z和G没有区别，怎么解释？

老师能仔细讲讲available-for-sale security 和 hold for trading purpose的区别吗？

请问原版书课后两道题。为什么同样是求小于等于某个数的概率，一个要算上0次成功的概率，一个不算0次？

financial statement和financial report到底什么区别啊，越来越糊涂了。

02.单选题 已收藏 标记 纠错 The concept of spot and forward rates is most closely associated with which of the following explanations of the term structure of interest rates? A Segmented market theory. B Expectations hypothesis. C Liquidity premium theory. 查看解析 上一题 下一题 正确答案B 您的答案C本题平均正确率：63% Forward rates难度：一般 推荐：   问：对于C选项，附图为一个银行利率的 收益率曲线，我的理解是：1年 低，3年高一点，5年再高一点，因为多给的部分是 流动性风险补偿。请问：这个是不是叫作 利率的期限结构，如果是，不是和C非常吻合吗 为啥不选C?

老师能讲一下joint conceptual framework project吗？视频里面好像没有说啊？

曲线是contango的话 roll yield不是会变成负的嘛？

问：这道题的追问，我好像用的是S4,所以不能这么做是不是？

04.单选题 已收藏 标记 纠错 Given the following spot and forward rates: Current 1-year spot rate is 5.4%. One-year forward rate one year from today is 7.52%. One-year forward rare two years from today is 12.56%. One-year forward rate three years from today is 13.3%. The value of a 4-year, 10% annual-pay, $1,000 par value bond is closest to: A $996. B $1022.62. C $1,086. 查看解析 上一题 下一题 正确答案B 您的答案A本题平均正确率：72% Forward rates难度：一般 推荐：      答案解析 问：这里再追问一下，这里讲的是固定收益的 远期利率，还要一个概念是 衍生品里的foward产品。我想探讨一下，因为在利率市场上，远期利率是不可能现在确定，所以个人之间约定（比如3个月后）的利率价格就叫作 远期利率了?久而久之，这种产品也就叫作远期了，这是我的猜测，是这样吗？

04.单选题 已收藏 标记 纠错 Given the following spot and forward rates: Current 1-year spot rate is 5.4%. One-year forward rate one year from today is 7.52%. One-year forward rare two years from today is 12.56%. One-year forward rate three years from today is 13.3%. The value of a 4-year, 10% annual-pay, $1,000 par value bond is closest to: A $996. B $1022.62. C $1,086. 问：和本题无关，想问一下 bond的spot rate和forward rate是哪里来的，是发行机构（比如银行）规定好的么，可以在相应的地方查到吗？