The Yield to Maturity on a Discount Bond Is

question 37

Multiple Choice

The yield to maturity on a discount bond is:

• A) equal to both the coupon rate and the current yield.
• B) is equal to the current yield but greater than the coupon rate.
• C) is greater than both the current yield and the coupon rate.
• D) is less than the current yield but greater than the coupon rate.
• E) is less than both the current yield and the coupon rate.

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Definitions:

American War

Likely refers to any significant military conflict involving the United States, but without specific context, it could mean the American Civil War, the American Revolution, or another major conflict.

Slave Codes

Laws that were established in the colonial and antebellum Southern United States to define the status of slaves and the rights of masters. These codes placed harsh restrictions on slaves’ behaviors and movements.

Defined

Clearly characterized or determined; having a clear definition or boundary.

Atlantic Slave Trade

The transatlantic trading of African people, primarily to the Americas, where they were sold as slaves from the 16th to the 19th centuries, a key part of the triangular trade.