[CFA level 1模拟真题]Version 4 Questions－Q52 style, holding, selling, investor, face

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Q52.  For bonds that have the same maturity date and same yield to maturity, the reinvestment risk for an investor holding the bonds to maturity is greatest for the bonds that are selling at:

A. per value

B. premium to par value

C. a discount to par value as a result of the bonds being issued as zero-coupon bonds.

D.A discount to par value as a result of market yields increasing after the bond was issued.

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答案和详解如下：

Q52  B.   Study Session  1.5-66-i

Holding maturity and yield constant, bonds selling at a premium would have the highest coupon payments and the highest amount requiring reinvestment. The reinvestment income has to make up the capital lass that will be realized if the bond is held to maturity.

hollow

b

LEEFEI571

选B

水模样

c

skyjiao

b

skyjiao

b

ella

answer is b

emiumiu

ok

jungle1009

see[em01]