国际经济贸易学院研究生课程班

《固定收益证券》试题
第八题部分答案  完整答案请见附件。

8.

The role of accrual basis is to reduce the average life span of other sectors at the expense of accrual basis. More details on the background information and accrual impact of continuous payment are provided below. The first CMO was created in 1983 and was structured so that each class (or segment) of bonds would retire sequentially.……