Question: Schweser Exam 3 Morning Seesion 110

atonalcadenza · 发表于 2008-11-30 13:38:00

请教解法，谢谢。

110. A 3-year, 6% coupon, semiannual-pay note has a
yield to maturity of 5.5%. If an investor holds this note to maturity
and earns a 4.5% return on reinvested coupon income, his realized yield
on the note is closest to:

A: 5.46%
B: 5.57%
C: 5.68%
D: 5.79%

答案是A。我算出来是4.23%

我的解法：

PV of the note = 1013.65
Required total value = 1013.65 * 1.,275^6 = 1192.84
$30 coupon × 6 times = $180
0.055 + (1192.84 - 1000 - 180)/1013.65
= 4.23%

[此贴子已经被作者于2008-11-30 14:03:30编辑过]

atonalcadenza · 发表于 2008-11-30 13:57:00

coupon算成30*6 @ 5.5% yield = 166.63，就是A，但是这种题的解法应该是coupon不打折的罢？谢谢。

[此贴子已经被作者于2008-11-30 14:05:30编辑过]

Question: Schweser Exam 3 Morning Seesion 110

Question: Schweser Exam 3 Morning Seesion 110

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