单选题 Using the following spot rates for pricing the bond, what is the present value of a three-year security that pays a fixed annual coupon of 6%? Year 1: 5.0% Year 2: 5.5% Year 3: 6.0%

A、

A. 100.10.
B、

B. 95.07.
C、

C. 100.00.

【正确答案】 A

【答案解析】This value is computed as follows: Present Value= 6/1.05+6/1.0552+106/1.063=100.10 The value 95.07 results if the coupon payment at maturity of the bond is neglected.