单选题
Which of the following statements about option-adjusted spread and nominal spread is most accurate? A. Option-adjusted spread will equal nominal spread if the option favors the investor. B. Option-adjusted spread will be greater than nominal spread if the option favors the issuer. C. The longer the deferred call period, the closer the value of the option-adjusted spread will be to the value of the nominal spread.
【正确答案】
C
【答案解析】The longer the deferral period, the lower the value of the call option; the nominal spread and option adjusted spread will be closer the longer the deferment period.