单选题
If interest rates and risk factors are constant over a given period,
then a fixed income bond trading at a discount will have a:
A. positive current yield, only.
B. negative current yield and a positive capital gain yield.
C. positive current yield and a positive capital gain yield.
【正确答案】
C
【答案解析】A bond is designed to have a current yield. If it is trading at a discount, and other things remain constant, then it will rise in value over the given time period.