A Treasury Bond Has a 3

question 8

Multiple Choice

A Treasury bond has a 3.4% coupon, a current price of $1,011.88, and 9 years to maturity. What is the yield to maturity?

• A)3.25%
• B)3.93%
• C)4.03%
• D)4.90%
• E)5.92%

---

Definitions:

Bed and Breakfast

A lodging establishment that offers overnight accommodation and breakfast, typically in a private home or small hotel.