$\begin{array}{cc}\text { Year } & \text { 1-Year Forward Rate } \\1 & 4.6\% \\2 &4.9\% \\3 & 5.2\% \\4 & 5.5\% \\5 &6.8\%\end{array}$

question 66

Multiple Choice

$\begin{array}{cc}\text { Year } & \text { 1-Year Forward Rate } \\1 & 4.6\% \\2 &4.9\% \\3 & 5.2\% \\4 & 5.5\% \\5 &6.8\%\end{array}$
What is the yield to maturity of a 1-year bond?

• A) 4.6%
• B) 4.9%
• C) 5.2%
• D) 5.5%
• E) 5.8%

---

Definitions:

Public Schools

Educational institutions funded and run by the government, providing free education to students as part of the public education system.

Black Suffrage

The right of African Americans to vote, a significant issue during the Reconstruction era in the United States, culminating in the passing of the 15th Amendment.

Andrew Johnson

Served as the 17th President of the United States, following the assassination of Abraham Lincoln, known for his turbulent presidency and impeachment trial.

Southern States

States located in the southern region of the United States, historically known for their agricultural economy and were part of the Confederacy during the American Civil War.