The Yield to Maturity on a Consol Bond That Pays

question 35

Multiple Choice

The yield to maturity on a consol bond that pays $100 yearly and sells for $500 is

• A) 5 percent.
• B) 10 percent.
• C) 12.5 percent.
• D) 20 percent.
• E) 25 percent.

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Definitions:

Centralized Government

A government structure where a central authority controls the power and decision-making processes, often at the expense of local governance.

Early Cities

Urban centers that emerged in ancient times as a result of population growth, trade, and the development of agriculture and governance.

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society that are inherited from past generations, preserved in the present and bestowed for the benefit of future generations.

Ancient City

An ancient city refers to a significant urban area that flourished in historical times, often with rich cultural, political, or economic heritage, predating modern cities.