单选题

Which of the following is closest to the value of a 10-year, 6% coupon, $100 par value bond with semi-annual payments assuming an annual discount rate of 7%?

A、 $92.89
B、 $99.07
C、 $107.44

【正确答案】 A

【答案解析】

A is correct because a security with 19 semi-annual payments of $3 interest and a 20th payment of $103 (interest plus return of face value) with a semiannual discount rate of 3.5% is $92.89 or