约翰赫尔教材上的习题

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

题目是这样的：A bank offers a corperate client a choice between borrowing cash at 11% per annum and borrowing gold at 2% per annum.(If gold is borrowed, interest must be repaid in gold. Thus, 100 ounces borrowed today would require 102 ounces to be repaid in 1year.)The risk free interest rate is 9.25% per annum, and storage costs are 0.5% per annum. Discuss whether the rate of interest on the gold loan is too high or too low in relation to the rate of interest on the cash loan. The interest rate on the two loans are expressed with annual compounding. The risk-free interest rate and storage costs are expressed with continuous compounding.
请高手教我做下~~~

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：约翰赫尔 compounding Continuous expressed borrowing 习题 教材 约翰赫尔

回复出错了啦。删除吧

答案如下：

cheaper to borrow cash...

cost to borrow cash is 11%
cost to borrow gold is 2% + 0.5% + 9.25% = 11.75%

cherry000518 发表于 2011-5-17 18:24
题目是这样的：A bank offers a corperate client a choice between borrowing cash at 11% per annum and borrowing gold at 2% per annum.(If gold is borrowed, interest must be repaid in gold. Thus, 100 ounces borrowed today would require 102 ounces to be repaid in 1year.)The risk free interest rate is 9.25% per annum, and storage costs are 0.5% per annum. Discuss whether the rate of interest on the gold loan is too high or too low in relation to the rate of interest on the cash loan. The interest rate on the two loans are expressed with annual compounding. The risk-free interest rate and storage costs are expressed with continuous compounding.
请高手教我做下~~~

cheaper to borrow cash...

cost to borrow cash is 11%
cost to borrow gold is 2% + 0.5% + 9.25% = 11.75%