Assume a flat yield curve of 6%. A three-year $100 bond is issued at par paying an annual coupon of 6%. What is the bond's expected return if a trader predicts that the yield curve one year from today will be a flat 7%?A. 4.19%
B. 6.00%
C. 8.83%
答案选A,请教是如何计算而得? |