Use the Table for the Question(s)below

question 41

Multiple Choice

Use the table for the question(s) below.
The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value) :
-The yield to maturity for the two-year zero-coupon bond is closest to:

• A)6.0%.
• B)5.8%.
• C)5.6%.
• D)5.5%.

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Definitions:

Total Product

The total output produced by a firm from a given amount of inputs during a specific period of time.

Wage Rate

The amount of compensation paid to an employee per unit of time, often expressed as an hourly or annual amount.

Remittances

Money sent by workers to people in another country or region, typically family members, contributing to the receiving economy.

Emigrants

People who leave their country of origin to live permanently in another country.