题目
For a June 1st settlement, an investor finances the entire purchase of a bond with a price of $115.00 at a semiannually compounded borrowing rate of 0.60%. Six months later, on November 30th, the 3 1/8 bond pays a $1.56250 coupon (i.e., $3.125/2 = $1.56250) and its price has "pulled to par" by dropping to $114.00. Which is nearest to the six-month net realized return?
选项
A.-0.87%
B.-0.57%
C.+0.19%
D.+0.49%
答案
C
解析
[114+1.56250-115×(1.003)]/115=0.1891%, which is equal to the gross return minus the financing cost:(114 + 1.5625-115)/115 = 0.4891% gross realized return-0.60%/2 borrowing rate=0.1891% 这道题的如下：