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吴卓谦 · 2018年01月21日

问一道题：NO.PZ2015120604000013 [ CFA I ]

  1. CFA I
  2. Quantitative

问题如下图：

    

选项：

A.

B.

C.

解释：


today 指的哪一天？为什么是12年？21188为什么是 第一步的PV 却 成了第二部的FV？

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1 个答案

源_品职助教 · 2018年01月22日

TODAY是指现在，也就是T=0时刻。

因为每年收2,000，总共要收20年，所以N=20

21188求得的是20笔现金流在T=12时刻的现值（第一笔现金流发生在T=13时刻）。

在第二步里，求得的是这些现金流在T=0的现值，所以T=12时刻的现值相对于T=0时刻就是终值。

同学你好多基本概念都不太清除，你需要重新听下这部分的视频，我们课上说过类似例题。


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