NO.PZ2016012102000150
问题如下：
When market intertest rates are 8%, a company issues a $1 million bond with a 10% coupon rate, 5 years to maturity, and the interest is paid on an annual.
According to the information, which of the following statements about the bond is correct?
选项：
A.
The initial book value of the bonds is $900,000.
B.
The initial book value of the bonds is $1,079,854.
C.
The initial book value of the bonds is $1,000,000.
解释：
B is correct.
N=5
I/Y=8
PMT=$1,000,000 × 10%=$100,000
FV=$1,000,000
Then CPT=$1,079,854
Option C is not the correct answer, because the coupon rate> the market rate, the bond is a premium bond.
考点：债券账面价值
根据已知条件，算出债券的现值为$1,079,854。又因为，在B/S上确认的债券账面价值等于其现值，所以初始确认的债券账面价值为$1,079,854。
如问题，直接理解为溢价发行，所以初始计量高于面值
