A 30-year, 12% bond that pays interest ann
题型:单项选择题
问题:
A 30-year, 12% bond that pays interest annually is discounted priced to yield 14%. However, interest payments will be invested at 12%. The realized compound yield on this bond must be:()
A. between 12.0% and 14.0%.
B. 12.0%.
C. 14.0%.