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标题: FX income Reading 65 [打印本页]

作者: weic08 时间: 2009-3-26 07:30 标题: FX income Reading 65

Bond 1 is a 6%, 5-year bond, and Bond 3 is a 4%, 5-year bond. Both bonds yield 5%. Bond 1 has a higher reinvestment income per total dollar return than bond 3. What would explain the difference in the rates of reinvestment income for these two bonds?

A. Bond 1 is a premium bond and is more dependent on reinvestment income to offset the capital loss, while Bond 3 has a longer maturity.

B. Bond 3 is a discount bond and is less dependent on reinvestment income because of the capital gain, while Bond 1 has a longer maturity.

C. The longer time to maturity for Bond 3 generates greater compounding with the same yield.

D. Bond 1 is a premium bond and is more dependent on reinvestment income to offset the capital loss, while Bond 3 is a discount bond and is less dependent on reinvestment income because of the capital gain.

Correct Answer: D.

谁可以解释一下吗?

作者: shuru1207 时间: 2010-5-11 01:38

thnx

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