求助一条S16章节的题目

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<p>我做了Exam1的Afternoon Session，里面有这样一条题目：</p><p>An investor is considering the purchase of Security X，which matures in ten years and has a par value of ＄1，000.During the first five years X has a 6% coupon with quarterly payments.During the remaining five years，X has an 8% coupon with quarterly payments.The face value is paid at maturity.Asecond 10-year security，Security Z，has a 6% semiannual coupon and is selling at par.Assuming that X has the same（bond equivalent）yield as Z，the price of Security X is closest to：</p><p>A.＄943，B.＄1036，C.＄1067.</p><p>&nbsp;</p><p>这条答案的解释是：</p><p>The bond equivalent yield rate on the par bond（Z）is 6% or a 3% semiannual rate. The equivalent quarterly rate，1.031/2-1=0.014889.Security X makes 20 quarterly payments of＄15 and 20 quarterly payments of ＄20. We need to use the cash flow function as follows：CF0=0；CF1=15；F1=20；CF2=20；F2=19；CF3=1，020；F3=1；I=1.4889；CPT→NPV=＄1，067.27.Note that CF3 contains the final quarterly payments of ＄20 along with the ＄1,000 face</p><p>Payments.</p><p>&nbsp;</p><p>&nbsp;</p><p>解释里怎么对F的值发生了变动呢？这个我感觉好像没有在Level 1里出现。</p><p>&nbsp;</p><p>&nbsp;</p>

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关键词：Considering equivalent Quarterly afternoon remaining equivalent investor purchase security selling

楼主能不能说下题号呢,我做了下午的,怎么印象中没有做过这道题呢,f的意思就是相对应的现金流出现了多少次,我理解.

<p>Exam 1 Afternoon session第99题</p><p></p>

<p>是 notes 第6本的题吗?</p>

<p>这种债券是有的，NOTES中确实没有讲这样的例题。</p><p>但是这种题的做法与其他的债券一样。NOTES也只是讲了CFA1的95%，你考试时可能会碰到NOTES中没有提及的题目。</p>

mjduony 发表于 2009-5-16 22:37
我做了Exam1的Afternoon Session，里面有这样一条题目：An investor is considering the purchase of Secur ...

楼主这题目是哪里来的啊？