单选题 The yield to maturity on an annual-pay bond 5.6 percent, what is the bond equivalent yield for this bond?
  • A. 5.43%.
  • B. 5.60%.
  • C. 5.52%.
【正确答案】 C
【答案解析】The bond-equivalent yield is computed as follows:
Bond-equivalent yield =2[(1+0.056)0.5-1]=5.52%.