Use the Table for the Question(s)below

question 24

Multiple Choice

Use the table for the question(s) below.
The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value) :
-The yield to maturity for the three-year zero-coupon bond is closest to:

• A)5.4%.
• B)5.8%.
• C)5.6%.
• D)6.0%.

---

Definitions:

Buildings

Refers to permanent structures owned by a company and used for business operations, considered as tangible fixed assets on the balance sheet.

Land Improvements

Enhancements made to a piece of land to increase its value, such as landscaping, fencing, and adding utilities.

Modifying

The act of making changes or alterations to something, often to improve it or adjust it to different conditions or uses.

New Business

Pertains to recently established companies or the act of securing new commercial engagements or clients in a business context.