What Is the Approximate Yield to Maturity for a $1,000

question 131

Multiple Choice

What is the approximate yield to maturity for a $1,000 par value bond selling for $1,120 that matures in 6 years and pays 12 percent interest annually?

• A) 8.5 percent
• B) 9.3 percent
• C) 12.0 percent
• D) 13.2 percent

---

Definitions:

Objective

A goal or target that is intended to be achieved.

Business Invitees

Individuals who enter a property for a purpose directly connected with the business interests of the property owner.

Duty To Exercise

The obligation to perform or engage in actions with due diligence and care under certain circumstances.

Rightful Possession

The legal right of an individual or entity to use, control, or occupy property or assets under the law.