问题
单项选择题
If the promised yield is equal to the realized yield then:（）
A. the coupon payments are reinvested at the promised yield during the life of the issue.
B. current yield is lesser than the yield to maturity.
C. promised yield is greater than current yield.
答案
参考答案：A
解析：
The promised yield is the YTM and the realized yield is the actual return earned during a specific horizon. In order for the realized yield to equal the promised yield, reinvestments must occur at the promised yield. When the realized yield is equal to the promised yield there are no conclusions that can be made about whether the bond is selling at par, a discount, or a premium.