If a $5,000 Face-Value Discount Bond Maturing in One Year

question 12

Multiple Choice

If a $5,000 face-value discount bond maturing in one year is selling for $5,000,then its yield to maturity is

• A)0 percent.
• B)5 percent.
• C)10 percent.
• D)20 percent.

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Definitions:

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A set of systematic guidelines used by auditors when conducting audits on companies' finances, ensuring the accuracy, consistency, and verifiability of auditors' actions and reports.

Working Papers

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The act of giving up something, especially legal rights or claims, to another party.

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