If the Yield to Maturity Is 5

question 137

Multiple Choice

If the yield to maturity is 5.5%,what is the price of a 15-year,zero-coupon bond with a par value of $1,000?

• A)$413.35
• B)$429.48
• C)$447.93
• D)$469.72

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Definitions:

Radioactive Decay

The process by which an unstable atomic nucleus loses energy by emitting radiation.

Heat

The transfer of thermal energy from high-temperature to low-temperature objects.

Earth's Crust

The outermost layer of the Earth, consisting of solid rocks, and is subdivided into the continental and oceanic crust.

Surface Environments

The various natural settings on the Earth's exterior, including oceans, forests, deserts, and glaciers, where unique geological processes can occur.