Using the information provided in Exhibit 1 and assuming that Bird’s interest rate expectation materializes, the realized return for an investor who buys and holds to maturity the US Treasury 7.00% coupon bond would most likely be:
A. less than the yield to maturity.
B. equal to the yield to maturity.
C. greater than the yield to maturity.
【解析】
针对本题想问两个问题：
- 不通过计算，为什么可以得到realized return大于YTM？（不太理解协会的解释）
- 如何计算问题中的realized return？（看不懂协会的计算过程）
