岳同學
2020-11-18 11:29請問mock1-Q10-A，我這樣寫是否足夠? 1. OAS is appropriate to measure yields of options embedded bonds, unlike other spreads, such as G-spread, I-spread, and Z-spread; 2. OAS = Z-spread - option costs. The difference comes from option costs; 3. OAS is appropriate to measure the yield of TRG bonds because they are callable bonds. Other spreads, such as z-spread doesn't fully account for the characteristics of callable bonds.
所屬：CFA Level III 視頻位置 相關試題
來源： 視頻位置 相關試題
1個回答
Kevin助教
2020-11-18 14:02
該回答已被題主采納
同學你好！
可以，需要再補充一點：bond is above the callable price。
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