单选题
Given investors require an annual return of 12.5 percent, a perpetual bond (i. e. , a bond with no maturity/due date) that pays $ 87.50 a year in interest should be valued at :
A、
A. $1093.
B、
B. $875.
C、
C. $700.
【正确答案】
C
【答案解析】
50/0.125 =$700.
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