NO.PZ2016082402000049
问题如下:
Consider a bond with par value of EUR 1,000 and maturity in three years, and that pays a coupon of 5% annually. The spot rate curve is as follows: 1-year, 6%; 2-year, 7%; and 3-year, 8%. The value of the bond is closest to:
选项:
A. 904
B. 924
C. 930
D. 950
解释:
ANSWER: B
The price is .
为什么不能用coupon来算折现呢