单选题
Five years ago, the DCA Corporation issued 20-year bonds with a coupon rate of 12%. If the investors’ required rate of return (IRR) on these bonds is currently 9%, the bonds will be priced: ()
A、
Below par.
B、
Above par.
C、
Above and below par.
D、
At par.
E、
As perpetuity.
【正确答案】
B
【答案解析】
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