题目
Assume the following discount function, which is a set of discount factors: d(0.5) = 0.990, d(1.0) = 0.970, d(1.5) = 0.960, d(2.0) = 0.950. A U.S. Treasury bond pays a semi-annual coupon at a rate of 5.0% per annum and matures with a face value of $1,000 in eighteen months (T = 1.5 years). What is the price of the bond?
选项
A.$985.00
B.$1,002.00
C.$1,015.00
D.$1,033.00
答案
D
解析
The solution follows：Price = $25×0.990+$25×0.970+$1,025×0.960 = $1,033这道题的如下：Price = $25×0.990 $25×0.970 $1,025×0.960 = $1,033