单选题 If an investor purchases a 8 1/2s 2001 Feb. $10000 par Treasury Note at 105: 16 and holds it for exactly one year, what is the rate of return if the selling price is 105:167
【正确答案】 B
【答案解析】Purchase Price=[(105+16/32)/100]×10000=$10550.00 Selling price=[(105+16/32)/100]×10000=$10550.00 Interest=8 1/2% of 10000=$ 850.00 Return=(P end-P beg+Interest)/P beg=(10550.00-10550.00+850.00)/10550.00=8.06%