NO.PZ2018062006000058
问题如下:
The detailed information of bond X and bond Y can be described as:
Coupon rate of bond X is 6%, and that of the bond Y is 8%;
Both of the bonds have the maturity of 3 years;
The price of bond X is 102, and the price of bond Y is 110.
We know that interest is paid annually, which bond has a lower yield-to-maturity?
选项:
A. Bond Y
B. Bond X
C. The yield-to-maturity of X and Y are equal
解释:
A is correct.
Bond X: N=3; PV= -102; PMT=6; FV=100; → I/Y=5.26
Bond Y: N=3; PV= -110; PMT=8; FV=100; → I/Y=4.37
老师这种题考试的时候面值都是不告诉的么?