the one-year interest rate over the next 10 years will be 3% 4.5% 6% 7.5% 9% 10.5% 13% 14.5% 16% 17.5%
assume that the investor prefers holding short-term bonds , a liquidity premium of 10 basis points is required for each of a bond's maturity.What will be the interest rates on a 3-year bond ,6-year bond and 9-year bond?
这是改编后的书上某习题,不是运用预期理论(原题是用预期理论,容易很多)而是用流动性溢价理论来计算,想请教一下各位大神那个每年0.1%的流动性溢价怎么用呀?感觉只知道每年的流动性溢价,不知道怎么求几年的流动性溢价呀。。。还有这道题是要用单利去算还是复利呢?