NO.PZ2023090201000033
问题如下：
An analyst gathers the following information about a bond that pays interest annually:
选项：
A.$89,839.00 B.$97,277.00 C.$102,775.00解释：
B is correct.
The price of the bond is the present value of the promised cash flows and is calculated as follows:
Price of bond = 4,000/(1 +5%)1 + 4,000/(1+5%)2 + 104,000/(1+5%)3 = 3,809.5238 + 3,628.1179 + 89,839.1102 = 97,276.7520 ≈ 97,277.
考点：YTM
解析：FV = 100,000, I/Y = 0.05, N = 3, PMT = 4,000, PV = 97,276.75 ≈ 97277
B is correct.
The price of the bond is the present value of the promised cash flows and is calculated as follows:
Price of bond = 4,000/(1 +5%)1 + 4,000/(1+5%)2 + 104,000/(1+5%)3 = 3,809.5238 + 3,628.1179 + 89,839.1102 = 97,276.7520 ≈ 97,277.
考点：YTM
解析：FV = 100,000, I/Y = 0.05, N = 3, PMT = 4,000, PV = 97,276.75 ≈ 97277
