题目
An investor who owns a bond with a 9% coupon rate that pays interest semiannually and matures in three years is considering its sale. If the required rate of return on the bond is 11%, the price of the bond per 100 of par value is closest to:
选项
A.95.00.
B.95.11.
C.105.15.
答案
A
解析
： A is correct. The bond price is closest to 95.00. The bond has six semiannual periods. Half of the annual coupon is paid in each period with the required rate of return also being halved. The price is determined in the following manner: N=6, I/Y=5.5, PMT=4.5, FV=100CPT (PV)=95 ： A是正确的。债券价格接近95.00美元。债券有六个半年期。年息票的一半在每个时期支付，要求的回报率也减半。价格按下列方式确定： N=6, I/Y=5.5, PMT=4.5, FV=100 CPT (PV)=95