劉同學
2018-05-08 14:42James McDonald and Veasna Lu were discussing different ways of valuing a Treasury security. During their discussion Lu made the following statements: Statement 1: It is inappropriate to discount the cash flows of a Treasury security by a single discount rate because that is implicitly assuming that the yield curve is flat. Therefore, each individual cash flow should be discounted by its corresponding spot rate. Statement 2: The spot rates used for different time periods that produce a value equal to the market price of a Treasury bond are called forward rates or future expected spot rates. With regard to the statements made by Lu: A both are correct. B only one is correct. C both are incorrect. 第一句話不明白，應該不對吧，怎么能都用一個discount rate呢？
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
Paul助教
2018-05-08 17:53
該回答已被題主采納
同學你好，你說的是對的，但是你似乎沒理解第一句話的意思，題目說用同一個discount rate是不合適，inappropriate
0
0
0
0
