b***n
发帖数: 137 | 1 被一道题给迷惑了. 本来是很简单的,但是因为一部分解答已经给了,和我想的不一样.
看大家能不能帮帮我,先谢谢了.
1,000,000 Mortgage Portfolio
9.5% interest rate
4% discount rate
5% default rate
40% recovery rate
principal paid back in year n = (beginning principal) - (defaulted principal
) * (1 / (m - n + 1)) where m=25
要求算cash flow present value. 给了个EXCEL表, 而第一年的数据都给了(要求算其
他年的):
Principal Default 50,000
Principal Recovered 20,000
Interest Paid 90,250
Principal Paid 38,000
Ending Loan Balance 912,000
PV Cash flow 94,471
我发现,94471是来自:
(20000+ |
|
