cfa level 1 fixed incom; 关于semiannal coupon和quarter coupon的定义
an Atlas Corporation bond is quoted with a TYM of 4% on a semiannual bond basis. what yields should be used to compare it with a quarterly-pay bond and an annual pay bond?
既然annual yeild on the semiannual coupon bond:为1.02(二次方）-1=4.04%
为什么the quarterly bond不是 1.02（四次方）-1=8.243216%
而是1.02（二分之一次方—）-1=0.995%；0.995*4=3.98%？ |
发表于 2016-3-11 15:04
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