单选题 A straight 3% bond bas two years remaining to maturity and is priced at $973.4. A callable bond that is the same in every respect as the straight bond, except for the call feature, is priced at $925.2. With the yield curve flat at 5%, what is the value of the embedded call option?
【正确答案】 B
【答案解析】[解析] 嵌入赎回期权的价值=免期权债券价值(直接债券价值)-可赎回债券价值=973.4-925.2=48.2(美元)