Use the Information for the Question(s)below

question 47

Multiple Choice

Use the information for the question(s) below.

-The above table shows the yields to maturity on a number of one-year,zero-coupon securities.What is the price per $100 of the face value of a one-year,zero-coupon corporate bond with a BBB rating?

• A)$92.21
• B)$93.54
• C)$94.16
• D)$94.87
• E)$94.52

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Definitions:

Mortgage

A type of loan typically used to purchase real estate, where the property itself serves as collateral for the loan.

Monthly Payment

A fixed amount of money paid at regular intervals, typically monthly, for a loan or mortgage.

Trust Fund

A legal entity that holds and manages assets on behalf of another person or group, often used for estate planning or to distribute assets according to the trust creator's wishes.

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment’s cost.