Which of the Following $1,000 Face-Value Securities Has the Lowest

question 68

Multiple Choice

Which of the following $1,000 face-value securities has the lowest yield to maturity?

• A) A 5 percent coupon bond selling for $1,000
• B) A 10 percent coupon bond selling for $1,000
• C) A 15 percent coupon bond selling for $1,000
• D) A 15 percent coupon bond selling for $900

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Definitions:

Fraud

A deliberate deception made for personal gain or to damage another individual.

Reasonable Apprehension

A legal standard referring to the fear or anticipation of harm that a person of ordinary sensibilities would feel under similar circumstances.

Assault

An intentional act by one person that creates an apprehension in another of an imminent, harmful, or offensive contact.

Assault

An act that threatens physical harm to a person, whether or not actual harm is done.