The Above Table Shows the Yields to Maturity on a Number

question 18

Multiple Choice

The above table shows the yields to maturity on a number of three-year, zero-coupon securities. What is the price per $100 of the face value of a three-year, zero-coupon corporate bond with a BBB rating?

• A)$99.06
• B)$115.57
• C)$82.55
• D)$66.04

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Definitions:

Evidence-Based Management

The practice of making managerial decisions and organizational practices based on the best available evidence.

Total Quality Management

An organization-wide approach to continuous improvement in all aspects of products and services, involving all employees.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental enhancements over time.

Scientific Management

A management theory that examines and integrates processes to enhance economic efficiency and increase worker productivity.