NO.PZ2023120801000036
问题如下：
Which of the following is most likely a limitation of the yield to maturity measure?
选项：
A.It does not consider the capital gain or loss the investor will realize by holding the bond to maturity.
It assumes coupon payments can be invested at the yield to maturity.
It does not reflect the timing of the cash flows.
解释：
Correct Answer: B
Yield to maturity does consider reinvestment income; however, it assumes that the coupon payments can be reinvested at an interest rate equal to the yield to maturity. This is one of the limitations for the yield to maturity measure because the investor is facing reinvestment risk (future interest rates will be less than the yield to maturity at the time the bond is purchased).
A其实也没被考虑 为何A 不对
