The Quoted Ask Yield on a 14-Year $1,000 Par T-Bond

question 31

Multiple Choice

The quoted ask yield on a 14-year $1,000 par T-bond with a 7 percent semiannual payment coupon and a price quote of 98-15 is

• A)7.00 percent.
• B)7.18 percent.
• C)7.30 percent.
• D)3.59 percent.
• E)3.63 percent.

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Definitions:

Legitimacy

The general belief that a rule, institution, or leader has the right to govern or command, often based on law, custom, or consent.

Chiefdoms

Socio-political organizations in which authority is centralized in a single leader who wields economic, political, and ceremonial control, often hereditary.

Extremely Unstable

A situation or condition that is highly unpredictable and may change abruptly.

Igbo

An ethnic group primarily located in southeastern Nigeria, known for their rich culture and history.