A 3-year amortizing security with a par value of $
A 3-year amortizing security with a par value of $4,000 and a 6% coupon rate has an expected cash flow of $1,365 per year. No principal prepayment is allowed. Assuming a discount rate of 5%, the security is most likely to have a present value of:
A. 4,109.
B. 4,000.
C. 3,717.
参考解答
490***102
2024-11-17 16:04:29
Ans:C
C is correct because
=3717
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