题目
A bond with 20 years remaining until maturity is currently trading for 111 per 100 of par value. The bond offers a 5% coupon rate with interest paid semiannually. The bond’s annual yield-to-maturity is closest to:
选项
A.2.09%.
B.4.18%.
C.4.50%.
答案
B
解析
： B is correct. The formula for calculating this bond’s yield-to-maturity is: N=40, PV=-111, PMT=2.5, FV=100 CPT (I/Y)=2.09（%） YTM=2.09%*2=4.18% ： B是正确的。计算该债券到期收益率的公式为： N=40, PV=-111, PMT=2.5, FV=100 CPT (I/Y)=2.09（%） YTM=2.09%*2=4.18%