NO.PZ2016012102000153
问题如下：
When market interest rate is 7%, a company issues a $1 million bond with maturity of 3-year, a 5% coupon rate, and annual interest payments.
Which of the following statements is the most correct?
选项：
A.The total interest expense reported by the issuer over the life of the bond will be $150,000.
B.The total interest expense reported by the issuer over the life of the bond will be $202,486.32.
C.The total interest expense reported by the issuer over the life of the bond will be $52,486.32.
解释：
B is correct.
Method 1:
The sum of Interest expenses=$66,325.96+$67,468.77+$68,691.59=$202,486.32
Method 2:
Coupon payments + discount interest = coupon payments + (face value - issue value)= $150,000 + ($1,000,000 - $947,513.68) = $202,486.32
.
a company issues a $1 million bond 怎么理解这句话？我感觉的意思像是1mil是发行价格呢，怎么就变成最后的账面价格了？
