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:

MINUTE

A unit of time equal to sixty seconds or one-sixtieth of an hour, also a function in many applications to extract the minute portion from a time value.

Automatic Calculation

A feature in software that allows for the automatic computation of results based on input values, eliminating manual calculation errors.

ROUNDDOWN

A function in spreadsheet programs that rounds a number down, toward zero, to a specified number of digits.

Whole Number

Any of the set of non-negative integers, including zero.