问题
单项选择题
The yield to maturity for a semiannual-pay, 10 -year corporate bond is 5.25 percent. What is the bond's annual equivalent yield（）
A. 5.00%.
B. 5.25%.
C. 5.32%.
答案
参考答案：C
解析：
The annual equivalent yield is equal to [1 + (nominal yield/number of payments per year)]number of pay per year-1=(1+0.0525/2)2-1=5.32%.