单选题 A 10% , 10-year bond is sold to yield 8%. One year passes, and interest rates remained unchanged (8%). Holding all other factors constant, the bond's price during this period:

A、

A. will have increased.
B、

B. will have decreased.
C、

C. will have remained constant.

【正确答案】 B

【答案解析】The bond is sold at a premium. As time passes, the bond's price will move toward par. Thus, the price will fall. N=10; FV=1000; PMT=100; I/Y=8; CPT→PV=$1134 N=9; FV=1000; PMT=IO0; I/Y=8; CPT→PV=$1125