单选题 A semiannual-pay bond is callable in five years at $1080. The bond has an 8% coupon and 15 years to maturity. If an investor pays $ 895 for the bond today, what are the yield to call (YTC) and the yield to maturity (YTM), respectively? YTC YTM ①A. 10.77% 9.31% ②B. 12.07% 9.31% ③C. 10.77% 10.21%
【正确答案】 B
【答案解析】YTC: N=10; PV=-895; PMT=80/2=40; FV=1080; CPT→I/Y=6.035×2=12.07%. YTM: N=30; PV=-895; PMT=80/2=40; FV=1000; CPT→I/Y=4.657×2=9.31%.