A Treasury Bond Was Bought and Sold for $102

question 105

Multiple Choice

A Treasury bond was bought and sold for $102.200 and $101.050 respectively.The accumulated value of all coupons was $18.If the bond was held for exactly four years and the bond paid coupons semi-annually, then the realised yield-to-maturity on this bond was:

• A)4% p.a
• B)3.85% p.a
• C)3% p.a
• D)2.55% p.a
• E)2% p.a

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Definitions:

Displaced Granitic Rocks

Granitic rocks that have been moved from their original position by geological forces, often resulting in altered landscapes.

Continents

Large landmasses on Earth's surface, distinguished by convention rather than any strict criteria, typically identified by geographical and cultural factors.

Continental Shield

Large geographical areas composed of ancient, stable, and relatively flat Precambrian rock that form the cores of continents.

Exposed Rocks

Rocks that are visible on the Earth's surface without being covered by soil, vegetation, or other materials.