标题: 请教 2009 Level 1 Sample exam Quants 问题: BEY 和 EAY 的转换 [打印本页]

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作者: JOJOMEE    时间: 2009-6-2 12:22     标题: 请教 2009 Level 1 Sample exam Quants 问题: BEY 和 EAY 的转换

 Q: the BEY for a semi-annual pay bond is most likely:
A: equal to the EAY
B: more than the effective EAY
C: equal to double the semi annual yield to maturity

我选了A
如果 semi annual pay, BEY = (1+YTM)平方 - 1 不就是A吗?

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作者: 胡老师    时间: 2009-6-4 13:00

A不对，BEY是假设一年复利两次，直接将半年利率乘以2, EAY是按照复利来计算的，是乘方

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