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

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:

Public Office

Positions of authority or service in a government or community, held by individuals tasked with serving the public interest.

Non-Discrimination

The principle of treating all people equally, without bias towards race, gender, age, or other characteristics.

Institutional Racism

A form of racism that is embedded through laws, regulations, and customary practices within society or an organization, systematically disadvantaging certain racial groups.

Systematic Differences

Variation or disparities that are structured and consistent within a system.