问题 单项选择题

Gabrielle Daniels and Edin Roth, CFA candidates, are discussing the relationship between a bond’s coupon rate and the required market yield. Looking through the local newspaper, they see a new-issue, 10-year, $1000 face value 8.00 percent semi-annual coupon bond priced at $950. Daniels makes the following statements. Which statement does Roth tell her is CORRECT ()

A. The current market required rate is less than the coupon rate.

B. The bond is selling at a premium.

C. The bond is selling at a discount.

答案

参考答案:C

解析:

When the issue price is less than par, the bond is selling at a discount. We also know that the current market required rate is greater than the coupon rate because the bond is selling at a discount.

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