答案和详解如下： 6、Correct answer is C "Introduction to the Measurement of Interest Rate Risk," Frank J. Fabozzi 2008 Modular Level I, Vol. 5, pp. 480-488 Study Session 16-69-b demonstrate the price volatility characteristics for option-free, callable, prepayable, and putable bonds when interest rates change At relatively high yield levels, the value of a comparable callable bond is basically the same as an option-free bond because the value of the call option is quite small (the callable bond will trade at a slightly lower price because the value of the call option is subtracted). At high yield levels, the price of a comparable putable bond will be higher than the price of the option-free bond because the value of the put option is added.
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发表于 2008-11-18 10:02
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