题目
题目

Homework:Chapter 6 Homework

多项填空题

Part 1The table below shows current and expected future​ one-year interest​ rates, as well as current interest rates on multiyear bonds. Use the table to calculate the liquidity premium for each multiyear bond.[table] Year | ​One-Year Bond Rate | Multiyear Bond Rate 1 | 2.002.00​% | 2.002.00​% 2 | 3.003.00​% | 5.005.00​% 3 | 5.005.00​% | 7.007.00​% 4 | 6.006.00​% | 10.0010.00​% 5 | 8.008.00​% | 13.0013.00​% [/table]Part 2The liquidity premiums for each year are given​ as: ​(Enter your responses rounded to two decimal​ places.)[table] l Subscript 11 | equals= | enter your response here ​% l Subscript 21 | equals= | enter your response here ​% l Subscript 31 | equals= | enter your response here ​% l Subscript 41 | equals= | enter your response here ​% l Subscript 51 | equals= | enter your response here ​% [/table]

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思路分析
To tackle this, I’ll first restate what is being asked: we need to compute the liquidity premium l_n for each year n, using the relationship that the n-year bond rate equals the average expected short-term rates over n years plus the liquidity premium. Option 1 (0.00%): For year 1, the liquidity premium is typically defined as zero because there is no horizon beyond a 1-year bond to compare against; the 1-year rate reflects the expected short rate for that year with no required liquidity margin. Thus l1......Login to view full explanation

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类似问题

Part 1The table below shows current and expected future​ one-year interest​ rates, as well as current interest rates on multiyear bonds. Use the table to calculate the liquidity premium for each multiyear bond.[table] Year | ​One-Year Bond Rate | Multiyear Bond Rate 1 | 2.002.00​% | 2.002.00​% 2 | 3.003.00​% | 5.005.00​% 3 | 4.004.00​% | 6.006.00​% 4 | 5.005.00​% | 9.009.00​% 5 | 8.008.00​% | 12.0012.00​% [/table]Part 2The liquidity premiums for each year are given​ as: ​(Enter your responses rounded to two decimal​ places.)[table] l Subscript 11 | equals= | enter your response here ​% l Subscript 21 | equals= | enter your response here ​% l Subscript 31 | equals= | enter your response here ​% l Subscript 41 | equals= | enter your response here ​% l Subscript 51 | equals= | enter your response here ​% [/table]

Part 1The table below shows current and expected future​ one-year interest​ rates, as well as current interest rates on multiyear bonds. Use the table to calculate the liquidity premium for each multiyear bond.[table] Year | ​One-Year Bond Rate | Multiyear Bond Rate 1 | 2.002.00​% | 2.002.00​% 2 | 3.003.00​% | 4.004.00​% 3 | 4.004.00​% | 5.005.00​% 4 | 6.006.00​% | 7.007.00​% 5 | 7.007.00​% | 8.008.00​% [/table]Part 2The liquidity premiums for each year are given​ as: ​(Enter your responses rounded to two decimal​ places.)[table] l Subscript 11 | equals= | enter your response here ​% l Subscript 21 | equals= | enter your response here ​% l Subscript 31 | equals= | enter your response here ​% l Subscript 41 | equals= | enter your response here ​% l Subscript 51 | equals= | enter your response here ​% [/table]

Part 1The table below shows current and expected future​ one-year interest​ rates, as well as current interest rates on multiyear bonds. Use the table to calculate the liquidity premium for each multiyear bond.[table] Year | ​One-Year Bond Rate | Multiyear Bond Rate 1 | 2.002.00​% | 2.002.00​% 2 | 3.003.00​% | 3.003.00​% 3 | 4.004.00​% | 4.004.00​% 4 | 7.007.00​% | 7.007.00​% 5 | 8.008.00​% | 10.0010.00​% [/table]Part 2The liquidity premiums for each year are given​ as: ​(Enter your responses rounded to two decimal​ places.)[table] l Subscript 11 | equals= | enter your response here ​% l Subscript 21 | equals= | enter your response here ​% l Subscript 31 | equals= | enter your response here ​% l Subscript 41 | equals= | enter your response here ​% l Subscript 51 | equals= | enter your response here ​% [/table]

Which premium compensates investors for the difficulty of trading a bond quickly without affecting its price?

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