单选题
An 11 percent coupon bond with annual payments and 10 years to maturity is callable in 3 years at a call price of $1100. If the bond is selling today for 975, the yield to call is:
A、
A. 14.97%.
B、
B. 10.26%.
C、
C. 10.00%.
【正确答案】
A
【答案解析】
PMT=110, N=3, FV=1100, PV=975; CPT I=14.97
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