24周年

财税实务 高薪就业 学历教育
APP下载
APP下载新用户扫码下载
立享专属优惠

安卓版本:8.7.30 苹果版本:8.7.30

开发者:北京正保会计科技有限公司

应用涉及权限:查看权限>

APP隐私政策:查看政策>

HD版本上线:点击下载>

"Fixed Income":Bond price

来源: 正保会计网校 编辑:小鞠橘桔 2020/12/10 17:01:24 字体:

学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!

Questions 1:

The market value of an 18-year zero-coupon bond with a maturity value of $1,000 discounted at a 12% annual interest rate with semi-annual compounding is closest to:

A 、$130.04.

B 、$192.86.

C 、$122.74.

Questions 2:

An investor sells a bond at the quoted price of $98.00. In addition, she receives accrued interest of $4.40. The flat price of the bond is equal to the:

A 、par value plus accrued interest.

B、 agreed-on bond price excluding accrued interest.

C、 accrued interest plus the agreed-on bond price.

View answer resolution
【Answer to question 1】C

【analysis】

C is correct. The value of a zero-coupon bond is

Fixed Income:Bond price

A is incorrect because it uses the annual discount rate and the maturity in years rather than adjusting the discount rate and maturity for semi-annual periods. 

B is incorrect because it uses the semi-annual coupons times the number of years divided by 1.12.

【Answer to question 2】B

【analysis】

B is correct. The agreed-on bond price excluding accrued interest is referred to as the flat price. 

A is incorrect because flat price is the agreed-upon bond price excluding accrued interest. 

C is incorrect because flat price excludes accrued interest.

成功=时间+方法,自制力是这个等式的保障。世上无天才,高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩,其成绩背后无比寂寞的勤奋。小编相信,每天都在勤奋练习,即使是一点点的进步,大家一定可以成为人人称赞的“牛人”。

点击了解更多CFA考试资讯>>

免费试听

特许金融分析师限时免费资料

  • CFA报考指南

    CFA报考指南

  • CFA考试大纲

    CFA考试大纲

  • CFA历年

    CFA历年

  • CFA学习计划

    CFA学习计划

  • CFA思维导图

    CFA思维导图

  • CFA备考建议

    CFA备考建议

回到顶部
折叠
网站地图

Copyright © 2000 - www.chinaacc.com All Rights Reserved. 北京正保会计科技有限公司 版权所有

京B2-20200959 京ICP备20012371号-7 出版物经营许可证 京公网安备 11010802044457号

报考小助理

备考问题
扫码问老师