NO.PZ2018062006000051
问题如下：
Alex bought a bond with a maturity of three years. The par value of the bond is $1000. The coupon rate is 4%, and the interest is paid annually. The required rate of return of the bond is 3.5%. What is the price of the bond?
选项：
A. 1000
B. 1014
C. 1021
解释：
B is correct.
考点：bond valuation
解析：通过未来现金流折现求和，可得债券价格为1014。
也可利用计算器：N=3，PMT=40，I/Y=3.5，FV=1000，求得PV= -1014，故选项B正确。
pmt 为什么不是4，而是40？
