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FRM一级
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Consider the following statements about bond reinvestment risk and bond duration (interest rate risk): I.Lower bond reinvestment implies higher interest rate risk (duration), ceteris Paribus (assuming other conditions unchanged). II.Due to reinvestment risk, the yield-to-maturity on a bond is unlikely to equal the bond’s realized return. III.Reinvestment risk is eliminated in a zero-coupon bond. Which of the above statements is true? A I and II B I and III C II and III D 老师,bond's realized return如何理解?它与ytm的关系?
查看试题 已回答老师你好,选择对冲所用的期货的时候是必须选择能够覆盖现货交割剩余期限的合约吗?还是选择最接近现货交割剩余期限的合约呢?(例如,在这道题中现货剩余交割期限改为7个月而不是7.5个月,那么该选期限为六个月或九个月中的哪个合约呢?)
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