单项选择题
Suppose the current zero-coupon yield curve for risk-free bonds is as follows:
Maturity (years)
1
2
3
4
5|
YTM
3.25%
3.50%
3.90%
4.25%
4.40%|
The price per $100 face value of a three-year, zero-coupon, risk-free bond is closest to:
A.$86.39
B.$89.16
C.$93.80
D.$90.06