标题: level 3 2011 mock 第３９题　effective interest rate [打印本页]

---

作者: lsong2006    时间: 2012-5-31 17:33     标题: level 3 2011 mock 第３９题　effective interest rate

level 3 2011 mock 第３９题　effective interest rate　
不懂了，求助：

what is the effective interst rate at the reset of Texmaco loan, assuming a collar constructedf rom the loan and the option described in exhibit 2?

initial的premium cost  of collar ( sell call, buy put) 为什么是 130，000- 100，000 而不是 100,000- 130,000 不是应该卖出的 sell call premium 加进来，买入的put option是cost, 减去么？ 急死我了。。。

多谢多谢！！

---

作者: ruochen    时间: 2012-5-31 18:28

选A没错啊。。你题目看错了？

---

作者: Hang-Directions    时间: 2012-5-31 19:51

when we say 'cost' in positive term, it literally means a negative value...
e.g., this shirt costs me $20, rather -$20

---

作者: loyalvirgo    时间: 2012-5-31 20:29

that's a loan ,not a borrow. do not confuse with them .

---

欢迎光临 CFA论坛 (http://forum.theanalystspace.com/)

Powered by Discuz! 7.2