Suppose the Following Bond Quote for the Beta Company Appears

question 27

Multiple Choice

Suppose the following bond quote for the Beta Company appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2009. What is the yield to maturity on this bond?

• A)6.64 percent
• B)8.96 percent
• C)10.23 percent
• D)12.47 percent
• E)13.27 percent

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Definitions:

Post-Graduate Thesis

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Graph

A diagram showing the relationship between variable quantities, typically represented as lines, bars, or sectors.

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Plant Scale

The size or capacity of a manufacturing, production, or processing plant, determining its output volume.