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FRM一级易错题精选:Peter Stone is considering buying

发表时间:2018-02-26 16:38
作者:FRM
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Peter Stone is considering buying a $100 face value, semi-annual coupon bond with a quoted price of 105.19.

His colleague points out that the bond is trading ex-coupon. Which of the following choices best represents what Stone will pay for the bond?

A. $105.19 plus accrued interest.

B. $105.19.

C. $105.19 minus accrued interest.

D. $105.19 minus the coupon payment.

Answer:B

Since the bond is trading ex-coupon, the buyer will pay the seller the clean price, or the price without accrued interest.

So, Stone will pay the quoted price. The choice $105.19 plus accrued interest represents the dirty price (also known as full price).

This bond would be said to trade cum-coupon.

报名、考试时间

2018年05月2018年11月
报名时间 第一阶段:2017.12.1~18.1.31
第二阶段:2018.02.01~02.28
第三阶段:2018.30.01~04.15
考试时间 2018年05月19日(周六)
成绩查询 2018年06月28日(周四)
报名时间2 第一阶段:2018.05.1~07.31
第二阶段:2018.08.01~08.31
第三阶段:2018.09.01~10.15
考试时间 2018年11月17日(周六)
成绩查询 2019年01月03日(周四)
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