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FRM P1金融市場與產品重要知識點—債券的利息計算方法
金融市場與產品作為FRM P1考試當中占比百分之30的考試科目，可以說是我們備考的重中之重！正保會計網校的老師給大家整理了金融市場與產品科目里面的重要知識點，知識點搭配例題，幫助大家更好的吸收！今日一起來學習債券的利息計算方法吧！
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?知識點：債券的利息計算方法?
Accrued Interest，Clean& dirty price
Accrued Interest (AI)
Clean price: The price of a coupon bond not including any accrued interest. Immediately following each coupon payment, the clean price will equal the dirty price
Dirty price: A bond pricing quote referring to the price of a coupon bond that includes the present value of all future cash flows, including interest accruing on the next coupon payment
Dirtyprice= Cleanprice+ Accruedinterest
常考知識點：
1. 注意區分不同的債券品種計息方式不同，主要涉及到對計息時長的計算。
- 國債 actual/actual
- 公司債 30/360
- 貨幣市場票據actual/360
2. 可以畫出時間軸來標記計息時長。
3. 注意區分債券價格是否包含應計利息。
例題：
A corporate bond in the U.S. pays a coupon of 10% per year. Payment dates are February 15 and July 15. What is the accrued interest on a USD 1.000 bond on the start of trading on April 1 in a leap year?
A.12.22
B.12.50
C.12.30
D.12.63
【正確答案】B
【答案解析】Whether it is a leap year or not makes no difference. The day count convention for corporate bonds is 30/360 so that it is always assumed that there are 30 days in a month. In this case, there are 45 days in the accrual period, the interest is USD 100 per year and the accrued interest(USD) is
（45/360）×10%×1,000=12.5
以上就是FRM P1金融市場與產品重要知識點-債券的利息計算方法的相關內容，后期小編會持續給大家更新相關重要知識點，小伙伴們可以關注【 備考經驗 】欄目查看！
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