作者eden0404 (花丛)
看板CFAiafeFSA
标题[问题] 利率风险的问题
时间Sat Dec 26 01:42:10 2009
各位板大好
想请教一题利率风险的题目
a noncallable 20-year bond will generally have an expected life that is
equal to or greater than that of an otherwise identical callable 20-year bond.
moreover, the interest risk faced by investors is greater the longer the
maturity of a bond. therefore, callable bond expose investors to less interest
rate risk than noncallable bonds, other things being equal.
以上叙述是错的
以下是我的看法:
首先是第四行的maturity of bond
应该改成存续期间
还有第四行最後面的less应该改成more
不知道这样的想法对不对呢??
希望板大可以解答 谢谢^^
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