A bond's internal rate of return is also known as its:
A. coupon.
B. payback period.
C. duration.
D. yield to maturity.
D. yield to maturity.
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Creditors supply loans to sole proprietors at a high rate of interest because of:
a. their low profit expectancy from this business. b. frequent experience of loan default. c. their inability to call in their loans or sell them to others. d. their general risk-averse nature.
During the past 200 years, income per person has
a. increased in the developed countries of Western Europe and North America, but declined in the rest of the world. b. declined in the developed countries of Western Europe and North America, but increased in the rest of the world. c. increased far more rapidly in both developed and less developed countries than during the centuries prior to 1800. d. Increased far less rapidly in both developed and less developed countries than during the centuries prior to 1800.