614****4639
2024-02-19 13:36請問這句話怎么理解
For fixed-rate bonds priced at a spread over the benchmark, roll-down return from coupon income is higher by the bond’s original credit spread. Note that this higher return comes with greater risk and assumes all promised payments take place and the bond remains outstanding.
所屬：CFA Level III > Fixed-Income Portfolio Management 視頻位置 相關試題
來源： 視頻位置 相關試題
1個回答
Simon助教
2024-02-20 09:53
該回答已被題主采納
同學，上午好。滾動策略回報有兩個組成，一個是資本利得的收益，一個是票息與票息再投資的收益。這里coupon按照（Rf+spread）去進行再投資，會有更高的coupon income。
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