老师这个题1/2为什么不算进去？

If interest rates and risk factors remain constant over the remainder of a coupon bond's life, and the bond is trading at a discount today, it will have a: A negative current yield and a capital gain. B positive current yield and a capital gain. C positive current yield, only. 这个题答案说是b，但是虽然是折价，就一定有capital gain吗？他没说持有到期，就算持有到期也没说会不会违约

这个题很有问题

James McDonald and Veasna Lu were discussing different ways of valuing a Treasury security. During their discussion Lu made the following statements: Statement 1: It is inappropriate to discount the cash flows of a Treasury security by a single discount rate because that is implicitly assuming that the yield curve is flat. Therefore, each individual cash flow should be discounted by its corresponding spot rate. Statement 2: The spot rates used for different time periods that produce a value equal to the market price of a Treasury bond are called forward rates or future expected spot rates. With regard to the statements made by Lu: A both are correct. B only one is correct. C both are incorrect. 第一句话不明白，应该不对吧，怎么能都用一个discount rate呢？

Using the following spot rates, what is the price of a three-year bond with annual coupon payments of 5%? One-year rate: 4.78% Two-year rate: 5.56% Three-year rate: 5.98% A $98.87. B $93.27. C $97.47. 是因为每年付息一次spot rate就不用除以2了吗？

Given the one-year spot rate and the implied 1-year forward rates one, two, and three years from now of: what is the theoretical 4-year spot rate? A 6.75%. B 6.25%. C 6.00%. 冯老师能否在纸上画个时间轴详细给算算这种题，百思不得其解

画圈的部分，2.797是怎么得出的？没明白。谢谢

The value of a 2.5year, $100 par value Treasury bond with an 8% coupon rate, using the U.S. Treasury forward rates provided following, is closest to: A $105.54 B $104.87 C $109.82 到底应该怎么想怎么做呢？10到这样题从来没对过，你们的课也没讲过这样的，例题记在笔记本上每天都看还是不会

The 5-year spot rate is 9.65%, and the 4-year spot rate is 8.98%. What is the 1-year forward rate three years from today? A 12.37%. B 13.37%. C 10.05%. 画了时间轴，还是没思路

提问不会此题