The Approximate Yield to Maturity of a Bond Is Greater

question 132

Multiple Choice

The approximate yield to maturity of a bond is greater than the stated rate of interest when

• A)purchased at face value.
• B)purchased at discount.
• C)purchased at premium.
• D)market rates of interest decline.
• E)market rates of interest are constant.

---

Definitions:

Acceptance

The act of consenting to receive or undertake something offered, or recognizing a process or condition without attempting to change it.

Social Development

The process by which individuals learn and adapt to the values, norms, and expectations of their society to become functional members.

Harlow

Harry Harlow was an American psychologist best known for his maternal-separation, dependency needs, and social isolation experiments on rhesus monkeys, which manifested the importance of caregiving and companionship in social and cognitive development.

Cognitive Development

The study of how thinking, problem-solving, and intelligence change as people age.