单选题
An investor purchased a 6 - year annual interest coupon bond one year
ago. The coupon interest rate was 10 percent and the par value was $1000. At the
time he purchased the bond, the yield to maturity was 8 percent. If he sold the
bond after receiving the first interest payment and the yield to maturity
continued to be 8 percent, his annual total rate of return on holding the bond
for that year would have been:
- A. 6.00%.
- B. 9.95%.
- C. 8.00%.
【正确答案】
C
【答案解析】Purchase price N=6, PMT=100, FV=1000, I=8; CPT PV=1092.46
Sale price N=5, PMT=100, FV=1000, I=8; CPT PV=1079.85
% return=[(1079.85-1092.46+100)/1092.46]×100=8%