NO.PZ2023090201000002
问题如下:
Smith purchased a bond with a coupon rate of 6% and a par value of $1,000 for $960. Coupon payments are made monthly. The monthly interest payment is closest to:
选项:
A.$4.80. B.$5.00. C.$5.20.解释:
B is correct.
Since the coupon payments are paid monthly, therefore the monthly interest payment is 6% × $1,000/12 = $5.00
考点:Coupon rate and frequency
解析:由于债券是一个月付息一次的,所以一期的coupon rate = 6%/12 =0.5%,一期的interest payment = 0.5% × $1000 = $5,故选项B正确。
你好,老师。请问可以请教一下par value是指什么意思吗?par value is 1000 for 960如何理解?