UC知道货币银行(债券题目)寻求答案+分析过程
来源：百度知道 编辑：UC知道 时间：2024/07/06 14:06:30
1.To pay for college , you have just taken out a $1000 government loan that makes you pay $126 per year for 25 years . However , you don't have to start making these payments until you graduate from college two years from now.Why is the yield to maturity necessarily less then 12% , the yield to maturity on a normal $1000 fixed-payment loan in which you pay $126 per year for 25 years ?
2.If there is a decline in interest rates , which would you rather be holding , long-term bonds or short-term bonds ? Why ? Which type of bond has the greater interest-rate risk ?
3.If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9% , are people more or less likely to buy houses ?
2.If there is a decline in interest rates , which would you rather be holding , long-term bonds or short-term bonds ? Why ? Which type of bond has the greater interest-rate risk ?
3.If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9% , are people more or less likely to buy houses ?
建议去问你的老师
If the interest rate were 12%, the present discounted value of the payments on the government loan
are necessarily less than the $1,000 loan amount because they do not start for two years. Thus the
yield to maturity must be lower than 12% in order for the present discounted value of these payments
to add up to $1,000.