
来自:CFA > 2024 Level II > Fixed Income > Learning Module 1 The Term Structure and Interest Rate Dynamics 2024-05-11 23:18


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137****8346
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融跃答疑王老师 2024-05-13 10:30
致精进的你:
“Spot rates are determined through the process of bootstrapping. It entails backward substitution using par yields to solve for zero-coupon rates one by one, in order from latest to earliest maturities.,,即期利率是通过bootstrapping决定的,是通过par rate从后往前一期一期推导而来的。题目问的是这句话有没有错,前半句话没有问题,后半句话错在从后往前推导。因为bootstrapping是从前往后推的,我们知道par rate1=spot rate1,然后再根据par rate2推导spot rate2,以此类推。所以这道题选C
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