问题如下:
Which bond offers the lowest yield-to-maturity?
选项:
A. Bond A
B. Bond B
C. Bond C
解释:
A is correct.
Bond A offers the lowest yield-to-maturity. When a bond is priced at a premium above par value the yield-to-maturity (YTM), or market discount rate is less than the coupon rate. Bond A is priced at a premium, so its YTM is below its 5% coupon rate. Bond B is priced at par value so its YTM is equal to its 6% coupon rate. Bond C is priced at a discount below par value, so its YTM is above its 5% coupon rate.
老师,这道题multi factors 不同。能解释一下吗。比较的时候的原则,benchmark