The Yield to Maturity Reported in the Financial Pages for Treasury

question 25

Multiple Choice

The yield to maturity reported in the financial pages for Treasury securities

• A) is calculated by compounding the semiannual yield.
• B) is calculated by doubling the semiannual yield.
• C) is also called the bond equivalent yield.
• D) is calculated as the yield-to-call for premium bonds.
• E) Both b and c are true.

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Definitions:

Cultural Relativist

A view that moral or ethical systems, which vary from culture to culture, are all equally valid and no one system is really "better" than any other.

Ethical Relativist

Someone who believes that morality is relative to the norms of one's culture, meaning that what is considered moral in one society may be considered immoral in another.

Practices

Customary ways of operation or behavior in a particular area or field, often referred to as the actual application or use of an idea, belief, or method.

Cultures

The social behavior, norms, knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.