来源:高顿网校 发布时间:2018-11-15 11:50 责编:Hexinxin

  小编导读:高顿题库——全球财经题库(精选题、全真模考系统、名师答疑)>>>点击进入“每日一练——免费在线测试”
 
  1.A firm has just issued $1,000 face value bonds with a coupon rate of 8%, paid     semi-annually, and a maturity of 15 years. If the issue price for this bond is $785.50, what is the yield-to-maturity, stated annually?
 
  A.       9.872%
 
  B.       10.365%
 
  C.       10.942%
 
  D.       11.120%
 
  答案: C
  Using a bond calculator, PV= -785.5; FV=I000; N=30(15×2); PMT =40(1000×0.08/2). Solving for I/Y we get 5.471×2=10.942.
 
  相关知识点: Yield to Maturity
 
  The YTM of a fixed-income security is equivalent to its internal rate of return. The YTM is the discount rate that equates the present value of all cash flows associated with the instrument to its price. The yield to maturity assumes cash flows will be reinvested at the YTM and assumes that the bond will be held until maturity.
登录并评论

精选推荐

相关推荐

考试动态

备考必备