Use the Figure for the Question(s)below

question 45

Multiple Choice

Use the figure for the question(s) below.
-A risk-free, zero-coupon bond has 15 years to maturity. Which of the following is closest to the price per $100 of face value that the bond will trade at if the YTM is 7%?

• A)$38.78
• B)$36.24
• C)$32.68
• D)$29.55

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Definitions:

Punitive

Relating to or intended for punishment.

Authoritative

Relating to an authoritative figure or source that possesses an air of confidence and command, often considered knowledgeable or respected.

Healthy Child Development

Refers to the physical, emotional, social, and cognitive growth of children from birth through adolescence, influenced by genetics, environment, and experiences.

Exceptions

Instances or occurrences that do not follow a general rule or pattern.