单选题 The yield to maturity for a semiannual-pay, 10 -year corporate bond is 5.25 percent. What is the bond's annual equivalent yield?

A、

A. 5.00%.
B、

B. 5.25%.
C、

C. 5.32%.

【正确答案】 C

【答案解析】
The annual equivalent yield is equal to [1 + (nominal yield/number of payments per year)]_{number of pay per
year}-1=(1+0.0525/2)²-1=5.32%.