單項(xiàng)選擇題某直接債券的利率為3%,距離到期日的時(shí)間為2年,價(jià)格為973.4美元。某可贖回債券除了可贖回的特征以外,其他特征均相同,其價(jià)格為925.2美元。已知收益率曲線在5%處平坦,則上述嵌入贖回期權(quán)的價(jià)值是多少()

A、24.1美元
B、48.2美元
C、53.3美元


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5.單項(xiàng)選擇題在以下選項(xiàng)中,不符合有效資本市場(chǎng)理論相關(guān)假設(shè)的是哪一項(xiàng)()

A、預(yù)期回報(bào)率包含由證券價(jià)格變動(dòng)所帶來(lái)的風(fēng)險(xiǎn)因素
B、市場(chǎng)中存在大量以利潤(rùn)最大化為目標(biāo)的參與者,這些參與者相互獨(dú)立地對(duì)證券進(jìn)行分析和估價(jià)
C、投資者通過(guò)對(duì)證券價(jià)格估計(jì)緩慢地調(diào)整來(lái)反映其對(duì)新收到信息的理解

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