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CFA二级
包含CFA二级传统在线课程、通关课程及试题相关提问答疑;
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请问一下这道题用反向合约怎么解释? Expected dividend in 15 days is 0.4, 0.4 in 85 days, 0.5 in 175 days, rf=5%, yield curve is flat, no arbitrage forward price for the 100 day forward for a stock currently priced at 30 is 29.6. What's the value of long position in forward after 60 days? 用公式算的话是Vt(long)=(St-PVDt)-(FP/(1+rf)^(T-t)
已回答请问这两个公式 1. Conversion Value=market price of stock x conversion ratio 2. Price of convertible bond=Market conversion Price x conversion ratio 是一样的概念吗?
已解决请老师帮忙分析下这道题的解题思路,不是很理解,题目是Using the information provided in Exhibit 1(图一) and assuming that Bird's interest rate expectation materializes, the year 1 holding period return for the Zero Coupon bond is closest to? 答案在图二
精品问答
- Growth due to capital deepening 是αΔK/K还是ΔK/K
- 这题为什么是选C?
- 请老师讲解一下这个题目
- 老师,第二题可以在解释一下原理吗?
- 老师,第三题答案的意思是:1.因为宽松的货币政策,导致加元利率下跌,导致加元贬值?2.但是,如果利率下跌,也就是分母上的百分比下降,不是会导致价格上升吗?。3.从而短期看是depreciation,但是长期来看,会回归到均值,所以是appreciation?
- CDS的long和short是不是反过来的?就是long CDS代表看涨目标公司credit,所以是卖出一份CDS合约?
- 很迷惑到底是long call+ short stock还是long stock+short call构建无风险资产
- 为啥accrued interest over contract life是0?






