A Bond with Exactly Nine Years Remaining Until Maturity Offers

question 12

Multiple Choice

a bond with exactly nine years remaining until maturity offers a 3% coupon rate with annual coupons. The bond, with a yield-to-maturity of 5%, is priced at 85.784357 per 100 of par value. The estimated price value of a basis point for the bond is closest to:

• A) 0.0086.
• B) 0.0648.
• C) 0.1295.

---

Definitions:

Injury Prevention

The efforts and practices aimed at preventing or reducing the risk of injuries, often through education, environmental changes, and policy implementation.

Secondary

Pertaining to the next level of importance or development, often used in education to describe high schools.

Mistreated Children

Children who have experienced physical, emotional, or sexual abuse, or neglect by caregivers.

Unemployed

The status of an individual who is capable of working and is seeking work but is unable to find employment.