题目全吗

问题如下：

Carlisle observes that the spread between the three-year default-free nominal bond and the default-free real zero-coupon bond in Country #3 is 2.0%.

The recent change in Country #3’s breakeven inflation rate suggests that the expected rate of inflation over the next three years is:

选项：

A.

less than 2.0%.

B.

equal to 2.0%.

C.

greater than 2.0%.

解释：

The difference, or spread, between the yields on the country’s three-year default-free nominal and on the default-free real zero-coupon bonds is 2.0%. This spread is known as the breakeven rate of inflation (BEI), which is composed of the expected rate of inflation plus a risk premium for the uncertainty of future inflation. Because this risk premium component is most likely positive, because investors are unlikely to be very confident in their ability to predict inflation accurately, the expected rate of inflation component would be less than 2.0%.