The Yields to Maturity on a Number of One-Year,zero-Coupon Securities

question 87

Multiple Choice

The yields to maturity on a number of one-year,zero-coupon securities are shown in the table above.What is the price (expressed as a percentage of the face value) of a one-year,zero-coupon corporate bond with a B rating?

• A)94.33%
• B)95.06%
• C)95.88%
• D)96.06%
• E)100%

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