老師您好！我有四個問題想請問您：

一、請問利率的波動性而言，長期和短期誰大？價格的波動性而言長期和短期誰大?何謂historical yield??

二、Ex11-6 2000Q96

Most of the movements in yields can be explained by a single-factor model, or parallel moves. Once this effect is taken into account, short-term yields move more than long-term yields.不懂為何短期利率的變動為大於長期的??

三、請問在中譯本中第392頁的範例第二段的實質殖利率1.98%如何計算？而第三段的名目利率4%又如何計算??

四、ex11-7 1997-Q42

What is the relationship between yield on the current inflation-proof bond issued by the U.S Treasury and a standard Treasury bond with similar terms?

針對你的四個問題，我以十二之一至十二之四等四篇來答覆你。