A $1000 Face Value Bond Purchased for $965

question 40

Multiple Choice

A $1000 face value bond purchased for $965.00, with an annual coupon of $60, and 20 years to maturity has:

• A)A current yield equal to 6.22%
• B)A current yield equal to 6.00%
• C)A coupon rate equal to 6.22%
• D)A yield to maturity and current yield equal to 6.00%

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Definitions:

Eye Contact

Refers to the act of two people looking directly into each other’s eyes, which can be a powerful form of nonverbal communication, indicating various emotions or intentions.

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Mechanical devices that deliver fluids, such as nutrients and medications, directly into a patient's circulatory system through an intravenous line.

Short Term

Referring to a limited time period, usually less than a year, often used in the context of goals, memory, or financial investments.

Work-Related

Pertaining to activities, conditions, or situations that are part of, influenced by, or occur in the context of one's occupation or job responsibilities.