Determine the Yield to Maturity (To the Nearest Tenth of 1

question 64

Multiple Choice

Determine the yield to maturity (to the nearest tenth of 1 percent) of an 8-year zero coupon bond ($1,000 par value) that is currently selling for $521.

• A)6.0%
• B)7.9%
• C)11.5%
• D)8.5%

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and our daily lives.

Lighter Cameras

Covert cameras disguised as ordinary lighters, used for secret or undercover photography.

Mobility

The ability to move freely and easily, often referring to social mobility, which is the movement of individuals or groups in social position over time.

Technology

The application of scientific knowledge for practical purposes, especially in industry, where it involves the machinery and equipment developed from such scientific knowledge.