Dave Harris Has Just Purchased a Bond with a Face

question 53

Multiple Choice

Dave Harris has just purchased a bond with a face value of $1,000 that pays 6 percent.The purchase price of the bond was $900,and the bond will mature in 5 years.What is the yield to maturity for this bond?

• A)5.5 percent
• B)6.0 percent
• C)8.4 percent
• D)9.0 percent
• E)6.7 percent

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Definitions:

Continuing Legal Education

Educational programs that lawyers and other legal professionals are required or encouraged to attend to keep their skills and knowledge up to date.

NFPA

The National Federation of Paralegal Associations, an organization aimed at promoting the paralegal profession through leadership, advocacy, and education.

Certified Paralegals

Individuals who have met specific education and testing requirements to assist lawyers in researching, preparing legal documents, and advising clients.

Associate's Degree

An undergraduate degree awarded after completing approximately two years of post-secondary education, often at community colleges.