题目
A firm has just issued $1,000 face value bonds with a coupon rate of 8%, paid semiannually, and a maturity of 15 years. If the issue price for this bond is $785.50, what is the yield-to-maturity, stated annually?
选项
A.9.872%
B.10.365%
C.10.942%
D.11.120%
答案
C
解析
Answer: CUsing 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.使用债券计算器，PV = -785.5; FV = I000; N = 30(15 × 2); PMT = 40(1000 × 0.08/2)。求I/Y，得到5.471%× 2 = 10.942%.。