Which of the Following Statements Is FALSE

question 78

Multiple Choice

Which of the following statements is FALSE?

• A)Because we can convert any bond price into a yield, and vice versa, bond prices and yields are often used interchangeably.
• B)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.
• C)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.
• D)The internal rate of return (IRR)of an investment in a bond is given a special name, the yield to maturity (YTM).

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Definitions:

Pleasurable

Providing a sense of gratification or enjoyment.

Boring Parts

Components or segments of a process, presentation, or material that are perceived as uninteresting or mundane.

Empowering Leadership

A leadership style focused on giving team members resources, authority, opportunity, and motivation to help them perform their tasks more autonomously.

Delegating Power

The act of assigning authority and responsibility to others to carry out specific tasks while retaining ultimate responsibility for the outcome.