A $1,000 Face Value Bond Currently Has a Yield to Maturity

question 8

Multiple Choice

A $1,000 face value bond currently has a yield to maturity of 8.22 percent.The bond matures in five years and pays interest semiannually.The coupon rate is7.5 percent.What is the current price of this bond?

• A)$948.01
• B)$989.60
• C)$1,005.26
• D)$970.96
• E)$1,010.13

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Definitions:

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A theory suggesting that employees' disengagement from their jobs follows a sequential pattern, starting from minor behaviors like lateness to more severe ones like quitting.

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The rate at which employees leave a company and are replaced by new hires.

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The act of providing support or assistance to others, often aimed at improving a situation or resolving a problem.

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