1個(gè)回答
Vincent助教
2019-06-05 16:17
該回答已被題主采納
同學(xué)你好， discount rate 有3個(gè) distinct components
1. real risk free rate
2. expected inflation
3. 其他所有風(fēng)險(xiǎn)加總的risk premium
這里點(diǎn)1說反了， 如果是additional return required by investors from investing in a real default-free investment for investing in a nominal default-free investment.就對了， 因?yàn)槭莕ominal 相比 real 多一個(gè)expected inflation.
點(diǎn)2是對的，因?yàn)閕nflation-linked bond就說明本金和CPI掛鉤，也就是定價(jià)時(shí)不考慮expected inflation, 也就代表了real risk free rate.
點(diǎn)3只講了liquidity premium, 還有其他的risk premium, 不全面。
0
0
0
0
