问题 单项选择题

Three years ago, at the advice of her financial planner, an investor purchased a $1000 face, 4.50%, semiannual coupon bond with seven years to maturity priced to yield 6.50% for $888.94. The reinvestment income that must be generated over the life of the bond for the investor to realize a yield of 6.5% is closest to:()

A. $72.

B. $76.

C. $80.

答案

参考答案:B

解析:

Semiannual compound rate is 0.065/2=0.0325. Ending value must be $888.94×(1.0325)14=$1391.02. The sum of the coupon payments is 1000×2.25%×14=315. So, the reinvestment income is $1391.02-$1000-$315=$76.

单项选择题
单项选择题