威廉夏普-投资学课后习题答案解析第五章.pptVIP

* Chapter 5 the valuation of riskless securities Questions and problems group four -------彭利、蒋英、陈艳 陈红霖、吴晓琴、邹雨薇、陈园华 4、Face value = $1000 n = 3 a:① PV = $816.30 ② PV = $949.37 PMT = 70 插补法 Face value = $1000 PMT = 100 n = 4 b:① ② face value=$1000, i=9%, n=3, PV=$975.13, PMT=1000×9%=90 7. face value=$1000, n=3, PV1=$930.23, PV2=$923.79, PV3=$919.54 8. 9. (1).Three year bonds: The four-year bonds: The five-year bonds 11. 12. f0,1=S1=10.0%, f1,2=9.5%, f2,3=9.0%, f3,4=8.5% (1+S2)2=(1+S1)*（1+f1,2） S2=9.75% (1+S3)3=(1+S2)2*(1+f2,3) S3=9.5% (1+S4)4=(1+S3)