问题
单项选择题
Given a required yield to maturity of 6 percent, what is the intrinsic value of a semi-annual pay coupon bond with an 8 percent coupon and 15 years remaining until maturity（）
A. $1196.
B. $1202.
C. $1095.
答案
参考答案：A
解析：
Using semiannual payments, I=6/2 =3%, PMT=80/2=$40, N=15×2=30; FV=$1000. Solve for PV=$1196.
