问题
单项选择题
An investor purchased a 10 - year zero-coupon bond with a yield to maturity of 10 percent and a par value of $1000. What would her rate of return be at the end of the year if she sells the bond Assume the yield to maturity on the bond is 9 percent at the time it is sold and annual compounding periods are used.（）
A. 16.00%.
B. 17.63%.
C. 19.42%.
答案
参考答案：C
解析：
Purchase price I=10, N=10, PMT=0, FV=1000, CPT PV=385.54 Selling price I=9, N=9, PMT=0, FV=1000, CPT PV=460.43 % Return=(460.43-385.54)/385.54×100=19.42%