The above table shows the yields to maturity on a number of three-year, zero-coupon securities. What is the price per $100 of the face value of a three-year, zero-coupon corporate bond with a BBB rating?
Security: Treasury AAA Corporate BBB Corporate B Corporate
Yield (%): 5.2 5.4 6.6 6.9
A) $99.06
B) $115.57
C) $82.55
D) $66.04
Answer: C
Business
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