单选题 An investor wants to invest an one-year, single-payment corporate bond and concludes that the probability of default for this one-year, single-payment corporate bond is 10.0 percent, and the investor will recover nothing if the corporate defaults due to its bankruptcy. The current risk-free rate of return is 3.0 percent. The minimum yield-to-maturity and minimum default risk premium, respectively , that the investor should demand on the corporate bond are closest to: Minimum yield-to-maturity Minimum default risk premium A. 3.33% 3.03% B. 3.33% 0.33% C. 14.44% 11.44%
【正确答案】 C
【答案解析】Set X%—minimum default risk premium,10%×(-100%)+90%×(3%+X%)=3%, X%=11.44%, minimum yield-to-maturity=11.44%+3%=14.44%.