问题如下图：
选项：
A. 
B. 
C. 
解释：
老师这题怎么理解呢？还是记住结论就好了？
NO.PZ2016031002000013 问题如下 If investor buys a newly issueeurocommercipaper with €50,000 pvalue anhol it to maturity, how muis this investor most likely to pay? A.The investor pays less th€50,000 anreceives more th€50,000 maturity. B.The investor pays €50,000 anreceives more th€50,000 maturity. C.The investor pays less th€50,000 anreceives €50,000 maturity. B is correct.Eurocommercipaper pays a-on yiel If investor buys a newly issueeurocommercipaper with €50,000 pvalue anhol it to maturity, the investor will pthe issuer €50,000 anreceive €50,000 plus interest maturity. However, U.S. Commercipaper is typically issuea pure scount security, making a single payment equto the favalue maturity.考点eurocommercipaper解析eurocommercipaper的计价方式可以是interest-bearing，也可以是scount basis。但更常用的模式是interest-bearing，同时题干中也有most likely字样，因此采用interest-bearing模式投资者购买刚发行的50,000ECP，需要支付50,000，到期将拿到大于50,000的金额，故B正确。 想问一下，如果是美国商票的话，C是正确的吗？
The investor pays €50,000 anreceives more th€50,000 maturity. The investor pays less th€50,000 anreceives €50,000 maturity. B is correct. Eurocommercipaper pays a-on yiel If investor buys a newly issueeurocommercipaper with €50,000 pvalue anhol it to maturity, the investor will pthe issuer €50,000 anreceive €50,000 plus interest maturity. However, U.S. Commercipaper is typically issuea pure scount security, making a single payment equto the favalue maturity.请问如果是US commercipaler的话就是PV小于5000，FV等于5000了？
The investor pays €50,000 anreceives more th€50,000 maturity. The investor pays less th€50,000 anreceives €50,000 maturity. B is correct. Eurocommercipaper pays a-on yiel If investor buys a newly issueeurocommercipaper with €50,000 pvalue anhol it to maturity, the investor will pthe issuer €50,000 anreceive €50,000 plus interest maturity. However, U.S. Commercipaper is typically issuea pure scount security, making a single payment equto the favalue maturity. 这道题目就是这样一组结论假设面值都是100购买us.commercipaper，投资者期初投资less th100 ，期末收到equto 100购买euro commercipaper,投资者期初投资equto 100，期末收到more th100这个结论总结是对的吗？
按照eurocommercipaper的定义，不是可以折价发行或interest-bearing的吗？
虽然a on yiel收益率、但是pvalue不是面值吗、是加上收益率之后的值吧？
