单选题 James Waiters, CFA, has collected data on the three year term structure of interest rates, shown in the table below as bond equivalent yields.

A、 Term Structure of Interest Rates
B、 Year
C、 Spot Rate
D、 0.50
E、 5.5227%
F、 1.00
G、 5.5537%
H、 1.50
I、 5.5444%
J、 2.00
K、 5.5205%
L、 2.50
M、 5.5114%
N、 3.00
O、 5.5156%

【正确答案】 A

【答案解析】
The semiannual coupon payment as a percentage of par is 5.375/2=2.6875. The price is: 2.6875/[1+(0.055227/2)]+2.6875/[1+(0.055537/2)]2+102.6875/[1+(0.055444/2)]³=2.6153+2.5442+94.5999=99.7594.