Iris2018-10-05 14:04:11
A $1000 par corporate bond carries a coupon rate of 6%, pays coupons semiannually, and has ten coupon payments remaining to maturity. Market rates are currently 5%. There are 90 days between settlement and the next coupon payment. The dirty and clean prices of the bond are closest to: A. 1043.76, 1013.76 B. 1043.76, 1028.76 C.1056.73, 1041.73 D.1069.7, 1054.7 在第10期贴现回去那段不太明白,PV=1043.76. 1043.76*1.025(1/2)=1056.73 为什么不是1043.76/1.025(1/2)呢? 请老师解释下乘除号在这道题目里面的分别,谢谢
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Cindy2018-10-08 18:02:37
同学你好,因为咱们现在的时点是站在两次付息日之间,距离下一次付息日还有90天。第一步贴现回来的价格是贴现到上一次付息日那个时点的,要转化成当前的时点的话,是累积的概念,不是折现的概念,因为现在的时点在上一次付息的时点的后面,所以再往后累积90天,即半个半年,1.025的0.5次方。
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