A $1,000 Par Bond with Five Years to Maturity Is

question 9

Multiple Choice

A $1,000 par bond with five years to maturity is currently priced at $892. Annual interest payments are $90. What is the yield to maturity?

• A)13 percent
• B)12 percent
• C)11 percent
• D)10 percent

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Definitions:

Bureaucratic Control

A management system emphasizing strict procedures and rules to maintain order and efficiency.

Normative Control

A management approach that seeks to influence employees' behavior and attitudes through the alignment of organisational norms and values.

Output Control

A management technique focused on measuring and regulating the output of employees or production processes to meet organizational goals.

Network Structure

The arrangement and interconnection of nodes or elements in a system that define how they communicate or relate.