Exhibit 4-1 In the Financial Section of Your Local Paper, You See

question 22

Multiple Choice

Exhibit 4-1
In the financial section of your local paper, you see the following bond quotation:

-Given Exhibit 4-1,what is the current ask yield of the Big City bond? Assume that today's date is August,2004.

• A) 6.14%
• B) 6.31%
• C) 6.58%
• D) 6.73%

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