劉同學
2019-10-17 23:35An analyst is evaluating the following two statements about putable bonds: Statement #1: As yields fall, the price of putable bonds will rise less quickly than similar option-free bonds (beyond a critical point) due to the decrease in value of the embedded put option. Statement #2: As yields rise, the price of putable bonds will fall more quickly than similar option-free bonds (beyond a critical point) due to the increase in value of the embedded put option. The analyst should: A disagree with both statements. B agree with both statements. C agree with only one statement. 觀點2沒聽懂，能否詳細將邏輯關系幫忙理清楚下？謝謝老師
所屬：CFA Level I 視頻位置 相關試題
來源： 視頻位置 相關試題
1個回答
Vicky助教
2019-10-18 11:41
該回答已被題主采納
同學你好，
觀點2說當利率上升，那么債券價格下降，putable bond賦予持有人一個將債券售回的權利，因此它是有保底價格的，所以相比不含權債券，他下降的慢。
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