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Fixed Income 原版书 Reading50 P311 第38题

XX is considering a dual currency bond with coupon payments in euros and principal payment in Turkish Lira. He states that the bond would not have any currency exposure to the Turkish Lira until it matured and the Turkish Lira were actually paid.

38: Is the statement correct?
A. No, the bond has exposure to Turkish Lira from the date of purchase.
B. Yes, the bond has appreciation exposure to Turkish lira only at maturity
C.Yes, the bond has depreciation exposure to Turkish lira only at maturity

Key: A
请问老师,如果Turkish lira只有在最后才拿到,为什么之前会有Exposure呢?
谢谢!

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上一主题:[求助]请问有没有05-10年CFA 三级下午的真题?
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