问题
单项选择题
An investor sold a 30 - year bond at a price of $ 850 after he purchased it at $ 800 a year ago. He received $ 50 of interest at the time of the sale. The annualized holding period return is:（）
A. 15.0%.
B. 10.0%.
C. 12.5%.
答案
参考答案：C
解析：
The holding period return (HPR) is calculated as follows:
HPR = (Pt - Pt-1 + Dt)/Pt
where :
Pt = price per share at the end of time period t
Dt = cash distributions received during time period t.
Here, HPR = (850-800+50)/800=0.1250, or 12.50%.