单选题
Using the following US Treasury forward rates, the value of 2½-year $100 par value Treasury bond with a 5% coupon rate is closest to:
| Period | Years | Forward Rate |
| 1 | 0.5 | 1.20% |
| 2 | 1 | 1.80% |
| 3 | 1.5 | 2.30% |
| 4 | 2 | 2.70% |
| 5 | 2.5 | 3.00% |
【正确答案】
C
【答案解析】
The value of the bond is
