单选题
A bond with a 12 percent coupon, 10 years to maturity and selling at 88 has a YTM of:
A、
A. between 10% and 12%.
B、
B. between 13% and 14%.
C、
C. over 14%.
【正确答案】
C
【答案解析】
PMT=120, N=10, PV=-880, FV=1000; I=14.3.
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