单选题
An analyst gathered the following information about spot rates and a coupon bond (all rates are annual) issued by Farrili Corporation: Spot rate, six-month aero coupon bond 7.0% Spot rate, one-year zero coupon bond 8.0% One year risk-free rate 6% Price for one-year, 9% coupon bond $1010 (semiannual payments, par value $1000) Using the arbitrage-freed approach to valuing bonds, the coupon bond is:
【正确答案】
A
【答案解析】Bond - value = (45/1.035)+(1045/1.042)=1009.395<1010.