袁同學(xué)
2021-05-07 22:32原版書reading21的課后題的第12題，comment 1 和2錯(cuò)誤在哪里？ Comment 1 Comment 2 Comment 3 Callable debt has a smaller option-adjusted spread than compara- ble non-callable debt. Benchmark corporate bond issues normally have wider spreads than older bonds of the same issuer. The announcement of a new corporate bond issue often leads to an increase in the credit spread on the existing bonds.
所屬：CFA Level III > Fixed-Income Portfolio Management 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個(gè)回答
Nicholas助教
2021-05-08 15:52
該回答已被題主采納
同學(xué)，下午好。
這里有勘誤，勘誤如下：
In the information for practice problems 10–15 (page 299 of print), Comment 1 should say “Callable debt has a smaller z-spread than comparable non-callable debt.”
comment 1他搞錯(cuò)了，正確的應(yīng)該是Callable debt has a smaller z-spread than comparable non-callable debt。
Comment 1是錯(cuò)的，因?yàn)閏allable bond的z-spread大于OAS，所以這句說的是錯(cuò)的。
Commnet 2是錯(cuò)的，因?yàn)榘l(fā)行時(shí)間比較久的債券，流動(dòng)性更差一些，所以他的spread是更wider一些的。
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