Which of the Following Statements Is FALSE

question 37

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 IRR of an investment in a bond is given a special name,the yield to maturity (YTM).

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Definitions:

Employment Contract

An agreement between an employer and an employee that specifies the terms and conditions of employment, including duties, salary, and duration.

Just Cause

A legal standard that must be met to justify certain actions, such as the termination of employment, indicating a valid and lawful reason.

Reasonable Notice

Notification given within a sufficient time frame, allowing individuals or parties to prepare or respond appropriately to an action or decision.

Vicariously Liable

The responsibility of one party for the actions of another, typically an employer being held responsible for the actions of their employees.