教学课件：《固定收益证券》.pptVIP

Assumption in Calculating the Return There are three assumptions in calculating the portfolio period return. First, it assumes that cash inflows into the portfolio from interest income that occur during the evaluation period but are not distributed are reinvested in the portfolio. The second assumption is that if there are distributions from the portfolio, they occur at the end of the evaluation period or are held in the form of cash until the end of the evaluation period. The third assumption is that there is no cash paid into the portfolio by the client. Subperiod Returns Not only does the