$\begin{array}{cc}\text { Year } & \text { 1-Year Forward Rate } \\1 & 5\% \\2 & 5.5\% \\3 & 6.0\% \\4 & 6.5\% \\5 & 7.0\%\end{array}$

question 57

Multiple Choice

$\begin{array}{cc}\text { Year } & \text { 1-Year Forward Rate } \\1 & 5\% \\2 & 5.5\% \\3 & 6.0\% \\4 & 6.5\% \\5 & 7.0\%\end{array}$
What would the yield to maturity be on a four-year zero-coupon bond purchased today?

• A) 5.75%
• B) 6.30%
• C) 5.65%
• D) 5.25%

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Definitions:

Jean Piaget

A Swiss psychologist known for his pioneering work in child development and his theory of cognitive development in children.

Identity

The sense of self, characterized by one's beliefs, personality traits, appearance, and how these are perceived by oneself and others.

Self-concept

An individual's perception of their own abilities, weaknesses, beliefs, and personality.

Identity

The sense of self, characterized by one's beliefs, personality traits, and values, that distinguishes an individual from others.