1個回答
Sherry Xie助教
2020-11-25 14:58
該回答已被題主采納
The call option is in the money: call option行權了
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追答
callable bond是negative convexty, putable bond是More positive conviexty, 所以callable bond is lower effective convexity than a putable bond.
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追答
第三個劃線部分: AI bond現(xiàn)在的價格比它的贖回價高(贖回價就是par value面值)
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追答
第四個劃線部分: 因為AI bond現(xiàn)在的價格超過call price, 所以issuer會行權,那么call option 就In the money了(行權)
