|
- UID
- 223463
- 帖子
- 346
- 主题
- 15
- 注册时间
- 2011-7-11
- 最后登录
- 2013-8-23
|
not only does n change, you also have to add to your calculated PV with 1 year worth of reinvestment return.
it is semi annual payment, so coupon+couponx(1+I/Y)^0.5 is added to arrive at total bond value.
I think the reinvestment I/Y to use is 10%.
Schweser had this in one of its practice exams. |
|
发表于 2013-4-24 06:45
|