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- 408
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- 注册时间
- 2011-7-2
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- 2016-6-23
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janakisri Wrote:
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> Say Corp A has credit rating BBB while Corp B has rating A , then for an identical maturity the > two bonds would have different prices owing to different premium.
>
> The only way to completely eliminate a premium due to credit rating would be to go to a
> default free instrument of identical maturity / duration .
Sorry, I don't get it. The yield of default free entire treasury universe shall be known, why bother inferring the yield by "repricing" the bonds of both Corp A & Corp B ? |
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发表于 2011-7-13 16:55
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