A-A+
Which of the following $1 000 face-value secur
问题详情
Which of the following $1 000 face-value securities has the highest yield to maturity?______.
A.A 5% coupon bond selling for $1 000
B.A 15% coupon bond selling for $1 000
C.A 10% coupon bond selling for $1 000
D.A 15% coupon bond selling for $900请帮忙给出正确答案和分析,谢谢!
参考答案
正确答案:D
解析:答案为D项。证券的到期收益率包括利息收入和资本损益(即市场价和买入价之间的差额)本题中D项论述的证券到期时资本收益为$l000一$900=S100,且息票率为15%,两者相加所得的到期收益率为最高,故选D项。