[求助]关于固定收益证券的一道题，哪位高手帮忙解一下

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关于固定收益证券的一道题，哪位高手帮忙解一下~~谢谢了！

 

A portfolio manager is considering buying two bonds. Bond A matures in three years and has a coupon rate of 10% payable semiannually. Bond B, of the same credit quality, matures in 10 years and has a coupon rate of 12% payable semiannually. Both bonds are priced at par.

 

a) Suppose that the portfolio manager plans to hold the bond that is purchased for three years. Which would be the best bond for the portfolio manager to purchase? Please explain your choice.

 

b) Suppose that the portfolio manager plans to hold the bond that is purchased for six years instead of three years. In this case, which would be the best bond for the portfolio manager to purchase? Please explain your choice.

 

c) Suppose that the portfolio manager is managing the assets of a life insurance company that has issued a five-year guaranteed investment contract (GIC). The interest rate that the life insurance company has agreed to pay is 9% on a semiannual basis. Which of the two bonds should the portfolio manager purchase to ensure that the GIC payments will be satisfied and that a profit will be generated by the life insurance company?

Note: A guaranteed investment contract ("GIC") is a contract that guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by life insurance companies and are used primarily as a vehicle that yields a higher return than a savings account.

 

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关键词：固定收益证券 固定收益 Considering Investment Guaranteed 证券 高手 帮忙 收益

翻译成中文行吗？我英文不好，中文好懂些

一投资组合经理人正考虑购买2债券。债券A在3年后到期，息票率为10 ％，每半年支付一次利息。债券b ，有着相同的信贷质量，10年后到期。息票率为12 ％，半年支付一次。这两个债券的面值相同。
1 ）假设投资组合经理计划持有债券三年。该如何进行购买？请解释。

2）假设投资组合经理计划持有债券6年，而不是三年。在这种情况下，投资组合经理人该如何购买？请解释您的选择。

3）假设投资组合经理在管理人寿保险公司的资产，已发行一项为期五年的保证投资合约（GIC） 。该人寿保险公司已同意支付9 ％的基础利息（半年支付一次）。则该投资组合经理人应选择购买哪种债券以确保公司能兑现自己的承诺，并切能给公司带来利润？

注：GIC这个产品类似国内的定期存款，GIC最长期是五年，存款分别有一年、三年、五年三种定期存款。这个产品，从目前形势上看，基金市场和股票市场动荡不定的情况下，银行做这个产品，就是保证你的本金，或或多或少给你一些利息。GIC在上前的回报是很低的，在历史上个别阶段它的回报也是很不错的。例如1990年左右，一年的定期存款利率曾达到10%左右。从经济学角度来讲，GIC与股票一般成反比的，股票大跌，GIC就高，但为什么上前也很低呢，这主要是中央为了调控经济发展，为了刺激经济发展。中央调低利率，鼓励业主贷款，贷款的利率很低，存款的利率也不会高，GIC利率自然较低。

当前价格是多少阿？

就是没有给所以我做不出来啊。。郁闷啊。。

我也没做出

不 会 呀！

应该面值是1000吧？

题目中说Both priced at par意思就是按面值发行，那么他的发行价格是1000

证券业学习下，证券从业资格证书要考试了，赶紧学习下