Which One of the Following Statements Is True About a $1,000

question 43

Multiple Choice

Which one of the following statements is true about a $1,000, 6% annual coupon bond that is selling for $1,012?

• A) The current yield is 6%.
• B) The yield- to- maturity is greater than 6%.
• C) The yield- to- maturity is 6%.
• D) The current yield is less than 6%.

Analyze the impact of benefit plan design and funding on organizational cost and liability.

Understand the role of indirect pay in attracting and retaining employees.

Evaluate the tax implications and administrative processes of benefit plans.

Understand the differences in benefits between full-time and part-time employees and the legal requirements affecting them.