What Is the Yield to Maturity of a One-Year, Risk-Free

question 82

Multiple Choice

What is the yield to maturity of a one-year, risk-free, zero-coupon bond with a $10,000 face value and a price of $9400 when released?

• A) 3.191%
• B) 6.000%
• C) 6.383%
• D) 0.009%

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Definitions:

Eminent Domain

The right of a government to expropriate private property for public use, with compensation.

Zoning Rights

Legal regulations that determine how land within certain areas can be used, affecting building and development.

Community Property

A legal concept used in some states that dictates that property acquired by either spouse during the marriage is owned equally by both spouses.

Easement

A right granted to use another person's property for a specific purpose, such as right of way.