麻烦老师，帮忙看下这题

问题如下：

Relative to a fully amortized bond, the coupon payments of an otherwise similar partially amortized bond are

选项：

A.

lower or equal

B.

equal

C.

higher or equal

解释：

Correct Answer: C

Except at maturity, the principal repayments are lower for a partially amortized bond than for an otherwise similar fully amortized bond. Consequently, the principal amounts outstanding and, therefore, the amounts of interest payments are higher for a partially amortized bond than for a fully amortized bond, all else equal. The only exception is the first interest payment, which is the same for both repayment structures. This is because no principal repayment has been made by the time the first coupon is paid.