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来自:CFA > 2023 Level III > 串讲复习班 2024-01-28 12:12
老师,请问comment2错在哪里?
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Michelle

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融跃CFA答疑师老师    2024-01-29 09:19

致精进的你:

同学你好,现金流折现的现值等于债券价格得出YTM,而不是par value。这是YTM的定义:The yield-to-maturity is the internal rate of return on the cash flows—the uniform interest rate such that when the future cash flows are discounted at that rate, the sum of the present values equals the price of the bond. It is an implied or observed single market discount rate.

The real talent is resolute aspirations.
真正的才智是刚毅的志向。