If a $10,000 face value discount bond maturing in one year is selling for $8,000, then its yield to maturity is

A) 10 percent.
B) 20 percent.
C) 25 percent.
D) 40 percent.

C

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When designing effective slides, which of the following should be avoided?

A) Using the slide to replace your words B) Using the slides to highlight only key points C) Using the slides to summarize a message D) Using the slides to signal major shifts in thought E) Using the slides to illustrate concepts

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From the insurance company's perspective, what is the difference between written premium and earned premium?

A) There is no difference; they are effectively the same thing. B) Written premiums are those that belong to the insurer; earned premiums do not belong to the insurer. C) Written premiums are the total premiums collected by the insurer; earned premiums are those that belong to the insurer. D) Written premiums reflect the total amount of coverage provided to insureds; earned premiums reflect the net profit of the insurer.

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