P R S T a M K W U C

question 369

Multiple Choice

P R S T A M K W U C
Using the letter string above, delete every second letter. Replace the "U" with the letter "E" and add the letter "S" to the beginning of the string.
Which of the following words can be made with the remaining letters?

Definitions:

Coupon Paying Treasuries

U.S. Treasury securities that offer periodic interest payments until maturity, at which point the face value is repaid to the holder.

Principal

The outstanding balance on a loan.

Yield To Maturity

The expected total yield on a bond, assuming it is kept until maturity, encompassing all the interest earnings plus the return of the principal.

Forward Rate

The agreed-upon price for a financial transaction to be executed at a future date, used particularly in currency and interest rate markets.