614****4639
2023-12-23 12:55credit spreads
when credit spreads widen or narrow, there would be a mismatch in the values of the stock and convertible bond positions that the convertible manager may or may not have attempted to hedge away. - 1. 這里的credit spread是誰(shuí)和誰(shuí)的spread？2. 這一整句話(huà)怎么理解
所屬：CFA Level III > Alternative Investments for Portfolio Management 視頻位置 相關(guān)試題
來(lái)源： 視頻位置 相關(guān)試題
1個(gè)回答
Simon助教
2023-12-24 11:13
該回答已被題主采納
同學(xué)，上午好。此處credit spread是可轉(zhuǎn)債的。因?yàn)樾庞蔑L(fēng)險(xiǎn)的變化會(huì)影響credit spread，繼而影響到可轉(zhuǎn)債的定價(jià)，可能導(dǎo)致套利空間受損。
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