A Bond Has a Yield to Maturity of 9

question 55

Multiple Choice

A bond has a yield to maturity of 9.38 percent,a 7.5 percent annual coupon,a $1,000 face value,and a maturity date 21 years from today.What is the current yield?

• A)7.91 percent
• B)8.47 percent
• C)9.04 percent
• D)9.38 percent
• E)9.46 percent

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Definitions:

Persuasive

The ability to convince others to adopt a particular viewpoint or to take action through argument or appeal.

Promotional Presentation

A marketing strategy involving a public display or demonstration to introduce or promote a product or service.

Missionary Selling

A sales technique where the seller promotes the product indirectly, often by educating the potential buyer about the product without directly pushing for a sale.

Operational Assistance

Support provided to businesses in their day-to-day operations, often involving consultancy and advisory services.