A 20-Year Bond with a $1,000 Face Value Was Issued

question 67

Multiple Choice

A 20-year bond with a $1,000 face value was issued with a yield to maturity of 4.3% and pays coupons semi-annually. After ten years, the yield to maturity is still 4.3% and the clean price of the bond is $959.71. After three more months go by, what would you expect the dirty price to be?

• A) $978.71
• B) $969.21
• C) $997.71
• D) Cannot be determined from information given.

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Definitions:

Infant Development

The physical, cognitive, and emotional growth that occurs in human babies from birth to the end of their second year.

Bayley-III

Stands for the third edition of the Bayley Scales of Infant and Toddler Development, a tool to assess developmental progress in children up to 42 months.

Language

A system of symbols, sounds, and rules used for communication among individuals.

Standardized Measure

A test or assessment that is administered and scored in a consistent, or "standard", manner.