题目
A 10-year, capital-indexed bond linked to the Consumer Price Index (CPI) is issued with a coupon rate of 6% and a par value of 1,000. The bond pays interest semi-annually. During the first six months after the bond’s issuance, the CPI increases by 2%. On the first coupon payment date, the bond’s:
选项
A.coupon rate increases to 8%.
B.coupon payment is equal to 40.
C.principal amount increases to 1,020.
答案
C
解析
： C is correct. Capital-indexed bonds pay a fixed coupon rate that is applied to a principal amount that increases in line with increases in the index during the bond’s life. If the consumer price index increases by 2%, the coupon rate remains unchanged at 6%, but the principal amount increases by 2% and the coupon payment is based on the inflation-adjusted principal amount. On the first coupon payment date, the inflation-adjusted principal amount is and the semi-annual coupon payment is equal to (0.06 × 1,020) ÷ 2 = 30.60. ： C是正确的。资本指数债券支付固定息票利率，该利率适用于在债券存续期间随着指数的增加而增加的本金金额。如果消费物价指数上涨2%，息票利率保持在6%不变，但本金金额上涨2%，息票付款以通货膨胀调整后的本金金额为基础。在第一个息票支付日，通货膨胀调整后的本金金额为 半年度息票支付等于（0.06×1020）÷2=30.60。