Which of the Following Statements Is FALSE

question 68

Multiple Choice

Which of the following statements is FALSE?

• A)One advantage of quoting the yield to maturity rather than the price is that the yield is independent of the face value of the bond.
• B)Unlike the case of bonds that pay coupons,for zero-coupon bonds,there is no simple formula to solve for the yield to maturity directly.
• C)Because we can convert any bond price into a yield,and vice versa,bond prices and yields are often used interchangeably.
• D)The internal rate of return (IRR)of an investment in a bond is given a special name,the yield to maturity (YTM).

---

Definitions:

Abstract Good

A concept or idea of good that is not tied to any specific concrete examples or manifestations.

Cultural Relativism

A concept in anthropology that holds the belief that a person's beliefs, values, and practices should be understood based on that person's own culture, rather than judged against the criteria of another culture.

Moral Isolationism

The belief that one cannot or should not make moral judgments about the practices of cultures other than one's own.

Historical Periods

Distinct phases or eras in history categorized by significant events or developments, such as technological advancements, cultural shifts, or political transformations.