A STRIPS Matures in 5 Years,has a Face Value of $15,000,and

question 35

Multiple Choice

A STRIPS matures in 5 years,has a face value of $15,000,and has a yield to maturity of 4.4 percent.What is the price?

• A) $11,854.59
• B) $12,066.53
• C) $12,284.75
• D) $12,322.01
• E) $13,789.38

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Definitions:

Trespass to Land

A tort law term referring to the unlawful entry onto land by a person without the permission of the owner or legal authority.

Intent to Harm

A mental state in which a person aims to cause injury or adverse effects to another individual.

Defamation

The act of communicating false statements about a person that injure their reputation.

Wrongful Interference

Illegal or improper intervention in the business relationships or contracts of others, causing harm or loss.