单选题 An investor gathered the following information on two zero-coupon bonds: 1-year, $ 800 par, zero-coupon bond valued at $ 762 2-year, $10800 par, zero-coupon bond valued at $ 9796 Given the above information, how much should an investor pay for a $10000 par, 2-year, 8 percent, annual-pay coupon bond?

A、

A. $10000.
B、

B. $10558.
C、

C. $ 9796.

【正确答案】 B

【答案解析】A coupon bond can be viewed simply as a portfolio of zero-coupon bonds. The value of the coupon bond should simply be the summation of the present values of the two zero-coupon bonds. Hence, the value of the 2-year annual-pay bond should be $10558 ($762+$9796).