The Current Yield on a $1,000 Par Value Bond Worth

question 51

Multiple Choice

The current yield on a $1,000 par value bond worth $900 and a coupon rate of 10% is

• A) 12.05%.
• B) 9%.
• C) 10%.
• D) 11.11%.

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Definitions:

Lifetime Value

The net present value of a customer’s business over the span of his or her relationship with an organization.

Customer Profitability

An analysis to determine the financial value a customer brings to a business over time, considering revenues and costs associated with the relationship.

Customer Service

Services and recommendations given by a firm to purchasers or users of its products or services.

Ease of Doing Business

The amount of effort required on the part of a customer when dealing with a firm.