求助: 计算BOND 的YIELD (ASSIGNMENT QUESTION)

Gina. · 发表于 2014-6-24 09:31:47

正在读一门FINANCE 的课程.  ASSIGNMENT 里面有一题, 想来想去解不出, 请论坛里的能人指点指点:
Consider the securities listed in (1) to (4) below which all mature in 2008. Align the following yields to each
security and explain why you have allocated the yield to each security:
- 5.82% p.a.
- 5.51% p.a.
- 6.37% p.a.
- 5.25% p.a.
         Issuer                            Maturity date    Coupon          Rating    Yield       Reason
(1)  Treasury Bond                   15.11.2008       6.75% p.a.    AAA       ?             ?
(2)  Treasury Corp Victoria       15.11.2008       10.25% p.a.    AAA       ?             ?
(3)  Westpac Banking Corp       15.11.2008       5.75%p.a.       AA-       ?             ?
(4)  Qantas                               03.08.2008       7.00% p.a.    BBB+       ?             ?
题目好象假设今天是01/01 /2008
谢谢大家... 能提供点CLUE 也可以呀, 根据COUPON 计算YIELD 的公式?

angelatu. · 发表于 2014-6-24 10:08:29

I think it is not calculation question.You don't have the price info.The yield depends on the riskiness of each bond.

黑山老妖. · 发表于 2014-6-24 10:35:32

Haha, this is the question for FINSIA. I remember it.
Basically the yields on the bond are higher if the rating for the bond is lower.
So AAA will have the lowest yield and BBB+ has the highest yield. For the 2 AAA bonds, Treasury Bond is safer than Treasury Corp Victoria therefore Treasury Bond has the lowest yield.
Simple.