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).