NO.PZ2016031001000023
问题如下：
A five-year bond has the following cash flows:
The bond can best be described as a
选项：
A.
bullet bond.
B.
fully amortized bond.
C.
partially amortized bond.
解释：
B is correct.
A bond that is fully amortized is characterized by a fixed periodic payment schedule that reduces the bond’s outstanding principal amount to zero by the maturity date. The stream of £230.97 payments reflects the cash flows of a fully amortized bond with a coupon rate of 5% and annual interest payments.
考点：cash flow structure
解析：完全摊销的债券的特点是有一个固定的定期支付时间表，使债券的未偿还本金在到期日减少到零。故选项B正确。
为什么不是c呢。。。
