Which one of the following statements is NOT true?
A) The yield to maturity of a bond is the discount rate that makes the present value of the coupon and principal payments equal to the price of the bond.
B) It is the yield that the investor earns if the bond is held to maturity, and all the coupon and principal payments are made as promised.
C) A bond's yield to maturity changes daily as interest rates increase or decrease.
D) All of the above are true.
Answer: D) All of the above are true.
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Indicate whether the statement is true or false
A major difference between public relations and marketing is that ________
A) the focus in marketing is on selling the organization's image; in public relations the focus is on selling an organization's service above all else B) there virtually is no difference between the two C) the focus in public relations is on marketing an organization; in marketing, it's on selling a service or product D) the focus on value rather than price is the province of marketing; in public relations it's on price rather than value