单选题
An analyst does research about bond valuation and gave her supervisor the following information about two $1000 par value option-free bonds:
The analyst's supervisor reviewed the information and stated that the information given is consistent with the expected relationships for the bond 1 but is not consistent with the expected relationships for the bond 2. Is the supervisor correct with respect to the:
| Bond | Price | Coupon Rate | Yield to Maturity |
| 1 | $1111 | 7.00% | 8.25% |
| 2 | $955 | 5.80% | 6.70% |
【正确答案】
C
【答案解析】[解析] 当到期收益率(YTM)大于息票率时，债券价格低于面值，是折价债券。当到期收益率小于息票率时，债券价格高于面值，是溢价债券。