单选题 Georgia-Pacific has $1000 par value bonds with 10 years remaining maturity. The bonds carry a 7.5 percent coupon that is paid semi-annually. If the current yield to maturity on similar bonds is 8.2 percent, what is the current value of the bonds?

A. $1123.89.
B. $569.52.
C. $952.85.

【正确答案】 C

【答案解析】The coupon payment each six months is $1000×0.075/2=$37.50. To value the bond, enter FV=$1000, PMT=$37.50, N=10×2=20, I/Y=8.2/2=4.1%. The value of the bond is then PV =-952.85.