pmt

问题如下：

A two-year spot rate of 5% is most likely the:

选项：

A.

yield to maturity on a zero-coupon bond maturing at the end of Year 2.

B.

yield to maturity on a coupon-paying bond maturing at the end of Year 2.

C.

coupon rate in Year 2 on a coupon-paying bond maturing at the end of Year 4.

解释：

Correct Answer: A

A spot rate is defined as the yield to maturity on a zero-coupon bond maturing at the date of that cash flow.