National Medical Has a Zero Coupon Bond Outstanding That Sells

question 31

Multiple Choice

National Medical has a zero coupon bond outstanding that sells for $242.60 and has 15 years to maturity. What is the yield to maturity on the bond to the nearest tenth of one percent?

• A) 10.5%
• B) 9.1%
• C) 9.9%
• D) 11.0%

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Definitions:

Static

A keyword in programming languages that indicates a member of a class is shared among all instances or is accessible without needing an instance.

Void Methods

Methods in programming that do not return a value after executing a set of statements.

One Parameter

Describes a function or method that takes exactly one argument or input value.

Predefined Method

A function or procedure provided by a programming language or library, designed to perform a specific task.