BondAtoxpayssemi-annualcouponpaymentsattherateof7%p.a.Thecoupondatesare1Mayand1Novembereachyear.Thebondhasfouryearstomaturitywithafacevalueof$100.Theyieldofsimilarriskbondsinthemarketis8%p.a.Required:(a)What

Question

Bond Atox pays semi-annual coupon payments at the rate of 7% p.a.The coupon dates are 1 May and 1
November each year.The bond has four years to maturity with a face value of $100.The yield of
similar risk bonds in the market is 8% p.a.
Required:
(a) What is the semi-annual coupon payment?
(b) Calculate the price of the bond on 1 November 2009.
(c) You wish to buy Bond Atox on 1 December 2009.Given that the market price is $102.55,calculate
the effective market price of the bond as at 1 December 2009.
Note:Effective market price = actual market price + accrued interest
(d) If immediately after you purchase the bond,the expected return changes to 7.5% p.a.,what will the
market price be?How much has your bond investment gained or lost in value with this change in
market expectations?
请问有没有人知道怎么做啊

Answer 1

债券Atox支付在年息7％的速度每半年付息优惠券的日期是5月1日和1
每年11月.债券已与100元面值四年到期.在产量
在市场上类似的风险债券年息为8％
要求：
（一）什么是半年付息?
（二）11月1日计算2009年债券的价格.
（c）您想购买09年12月1日债券Atox.由于市场价格一百〇二点五五美元,计算
在截至2009年12月1日债券有效的市场价格.
注：有效的市场价格=实际市场价格+应计利息
（d）如果您购买后立即债券,预期收益的变化,以年息7.5％,请问
市场价格是什么?你有多少经验或债券投资价值失去了与这个变化
市场预期?
自己算