单选题 Three years ago, at the advice of her financial planner, an investor purchased a $1000 face, 4.50%, semiannual coupon bond with seven years to maturity priced to yield 6.50% for $888.94. The reinvestment income that must be generated over the life of the bond for the investor to realize a yield of 6.5% is closest to:

A、

A. $72.
B、

B. $76.
C、

C. $80.

【正确答案】 B

【答案解析】
Semiannual compound rate is 0.065/2=0.0325. Ending value must be $888.94×(1.0325)¹⁴=$1391.02. The sum of the coupon payments is 1000×2.25%×14=315. So, the reinvestment income is $1391.02-$1000-$315=$76.