单选题 An investor owns an annual-pay bond that matures in five years with a 5% COUpon rate and a $1000 face value. If the discount rate is 8%, the value of the bond is closest to:
A. $878
B. $880
C. $1081

【正确答案】 B
【答案解析】[解析] N=5，I/Y=8，PMT=1000×5%=50，FV=1000，CPTPV=-880($)。