NO.PZ2016012102000153
问题如下:
When market interest rate is 7%, a company issues a $1 million bond with maturity of 3-year, a 5% coupon rate, and annual interest payments.
Which of the following statements is the most correct?
选项:
A.The total interest expense reported by the issuer over the life of the bond will be $150,000.
B.The total interest expense reported by the issuer over the life of the bond will be $202,486.32.
C.The total interest expense reported by the issuer over the life of the bond will be $52,486.32.
解释:
B is correct.
Method 1:
Coupon payments + discount interest = coupon payments + (face value - issue value)= $150,000 + ($1,000,000 - $947,513.68) = $202,486.32
.
a company issues a $1 million bond 怎么理解这句话?我感觉的意思像是1mil是发行价格呢,怎么就变成最后的账面价格了?