NO.PZ2022061303000024
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.coupon rate in Year 2 on a coupon-paying bond maturing at the end of Year 4.
C.yield to maturity on a coupon-paying bond maturing at the end of Year 2.
解释：
A is correct. A spot rate is defined as the yield to maturity on a zero-coupon bond maturing at the date of that cash flow.
B is incorrect because the spot rate is the yield to maturity on a zero-coupon bond maturing at that point in time and not the coupon rate on a coupon-paying bond.
C is incorrect because the spot rate is the yield to maturity on a zero-coupon bond maturing at that point in time and not the yield to maturity on a coupon-paying bond.
考点：即期利率
解析：两年期的即期利率被定义为：两年期的零息债券的到期收益率，故选项A正确。
请问两年期的spotrate是百分之五 那这个百分之五是两年期的总收益率还是这两年的每年的年化收益率呢 如果是两年总收益率百分之五，年化收益率一般不是说的都是一年吗 请问老师如何理解 感谢
