The Yield on a Zero-Coupon Bond of Maturity T Is

question 2

Multiple Choice

The yield on a zero-coupon bond of maturity T is equal to:

• A) the expected return on the zero-coupon bond
• B) the forward rate for time T -1
• C) the forward rate for time T
• D) the return on the bond each period,if the bond is held until maturity
• E) the spot rate of interest

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