人生的旅途中，你總有那么一段時間，需要自己走，需要自己扛。不知道2021年CFA考試的道路上你是否還是一個人呢？今天小編給你說說CFA考題，陪你一起備考2021年考試！

An investor buys a pure-discount bond, holds it to maturity, and receives its par value. For tax purposes, the increase in the bond’s value is most likely to be treated as:

A  a capital gain.

B  interest income.

C  tax-exempt income.

【答案以及解析】B Tax authorities typically treat the increase in value of a pure-discount bond toward par as interest income to the bondholder. In many jurisdictions this interest income is taxed periodically during the life of the bond even though the bondholder does not receive any cash until maturity.

在這道CAF考題中你知識主要的核心詞匯是哪一個嗎？小編給你說說是  bond，翻譯過來是債券的意思，那它含義是什么呢？

bond是指一種長期債務(wù)證券，其利息支付和債券贖回的方式會在證券上確定好。