问题如下:
A 10-year bond was issued four years ago. The bond is denominated in US dollars, offers a coupon rate of 10% with interest paid semi-annually, and is currently priced at 102% of par. The bond's:
选项:
A. tenor is six years.
B. nominal rate is 5%.
C. redemption value is 102% of the par value.
解释:
A is correct.
The tenor of the bond is the time remaining until the bond’s maturity date. Although the bond had a maturity of 10 years at issuance (original maturity), it was issued four years ago. Thus, there are six years remaining until the maturity date. B is incorrect because the nominal rate is the coupon rate, i.e., the interest rate that the issuer agrees to pay each year until the maturity date. Although interest is paid semi-annually, the nominal rate is 10%, not 5%. C is incorrect because it is the bond’s price, not its redemption value (also called principal amount, principal value, par value, face value, nominal value, or maturity value), that is equal to 102% of the par value.
请问一下B选项,如果是coupon payment,就是5%对吗。 C选项可以在解释一下吗,之前的解释没有看懂谢谢