A bank has two,3-year commercial loans with a present value of $70 million.The first is a $30 million loan that requires a single payment of $37.8 million in 3 years,with no other payments until then.The second is for $40 million.It requires an annua
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![A bank has two,3-year commercial loans with a present value of $70 million.The first is a $30 million loan that requires a single payment of $37.8 million in 3 years,with no other payments until then.The second is for $40 million.It requires an annua](/uploads/image/z/11599312-40-2.jpg?t=A+bank+has+two%2C3-year+commercial+loans+with+a+present+value+of+%2470+million.The+first+is+a+%2430+million+loan+that+requires+a+single+payment+of+%2437.8+million+in+3+years%2Cwith+no+other+payments+until+then.The+second+is+for+%2440+million.It+requires+an+annua)
A bank has two,3-year commercial loans with a present value of $70 million.The first is a $30 million loan that requires a single payment of $37.8 million in 3 years,with no other payments until then.The second is for $40 million.It requires an annua
A bank has two,3-year commercial loans with a present value of $70 million.The first is a $30 million loan that requires a single payment of $37.8 million in 3 years,with no other payments until then.The second is for $40 million.It requires an annual interest payment of $3.6 million.The principal of $40 million is due in 3 years,the general level of interest rates is 8%.
a.What is the duration of the bank’s commercial loan portfolio?
b.What will happen to the value of its portfolio if the general level of interest rates increased from 8% to 8.5%?
A bank has two,3-year commercial loans with a present value of $70 million.The first is a $30 million loan that requires a single payment of $37.8 million in 3 years,with no other payments until then.The second is for $40 million.It requires an annua
1、3年
2、现值7000万的贷款,涉及到复利问题,其实很简单30乘以1.08的3次方=37.8么
4000万的那部分已经是固定利率了9%
所以30乘以1.085的3次方=35.32加上50.8=86.12