问题
单项选择题
An investor gathered the following information on two zero-coupon bonds: 1-year, $ 800 par, zero-coupon bond valued at $ 762 2-year, $10800 par, zero-coupon bond valued at $ 9796 Given the above information, how much should an investor pay for a $10000 par, 2-year, 8 percent, annual-pay coupon bond
A．
| A. $10000. |
B．
| B. $10558. |
C．
| C. $ 9796. |
答案
参考答案：B
解析：A coupon bond can be viewed simply as a portfolio of zero-coupon bonds. The value of the coupon bond should simply be the summation of the present values of the two zero-coupon bonds. Hence, the value of the 2-year annual-pay bond should be $10558 ($762+$9796).