单选题
An analyst does research about various bond yields. An analyst stated that computing both a bond's current yield and a bond's yield to refunding assumes that all interim cash flows from the bond are reinvested at that bond's yield to maturity. Is the analyst correct with respect to interim cash flows and computing a bond's:
【正确答案】
A
【答案解析】[解析] 当前收益率(Current yield)不考虑已经产生的现金流的再投资，而再融资收益率(Yield to refunding)将被作为之前获得的现金流再投资的收益率，而不是将持有到期收益率(YTM)作为再投资的收益率。再融资收益率是在到期之前通过重新融资把之前的债券提前偿还而产生的收益率。