问题
单项选择题
A bond with a 12 percent coupon, 10 years to maturity and selling at 88 has a YTM of:（）
A. between 10% and 12%.
B. between 13% and 14%.
C. over 14%.
答案
参考答案：C
解析：
PMT=120, N=10, PV=-880, FV=1000; I=14.3.