问题如下:
Which of the following bonds has the highest coupon payment if other features are the same?
选项:
A. Partially amortized bond.
B. Fully amortized bond.
C. Plain vanilla.
解释:
C is correct.
Coupon payments are calculated on the basis of remaining principal. A plain vanilla's principal will not be amortized, so it has the highest coupon payments.
Coupon rate难道不是每一期固定的吗?这道题不太懂。plain vallina 是没有coupon?