What Is the Yield to Maturity, to the Nearest Percent

question 176

Multiple Choice

What is the yield to maturity, to the nearest percent, for the following bond: current price is $908, coupon rate is 11 percent, $1,000 par value, interest paid annually, eight years to maturity?

• A) 15 percent
• B) 11 percent
• C) 9 percent
• D) 13 percent

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Definitions:

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brainstem down the back, transmitting nerve signals to and from the brain.

Sensory Neurons

Nerve cells responsible for converting external stimuli from the organism's environment into internal electrical impulses.

Resting Potential

Membrane potential of a neuron at rest.

Millivolts

A unit of electric potential or electromotive force equal to one thousandth of a volt, commonly used in measuring electrical potentials in cells and batteries.