问题
单项选择题
Which of the following describes the yield to worst The:（）
A. lowest of all possible prices on the bond.
B. yield given default on the bond.
C. lowest of all possible yields to call and yields to put.
答案
参考答案：C
解析：
Yield to worst involves the calculation of yield to call and yield to put for every possible call or put date and determining which of these results in the lowest expected return.
