问题
单项选择题
Which of the following statements about a bond's cash flows is TRUE The appropriate discount rate is a function of:（）
A. the risk-free rate plus the return on the market.
B. the risk-free rate plus the risk premium.
C. only the risk premium.
答案
参考答案：B
解析：
The return on the market would be used only when discounting the cash flows of the market. The risk premium reflects the cost of any incremental risk incurred by the investor above and beyond that of the risk-free security.