An investor purchases a 30-year, zero-coupon bond with a face value of $5000 and a yield to maturity of 8.4%. He sells this bond ten years later. What is the rate of return on his investment, assuming yield to maturity does not change?

A) 6.72%
B) 5.04%
C) 8.40%
D) 4.20%

Answer: C

Business

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a. Practice is a term referring to the professional business, or law firm. b. A legal cap is the robe worn by a judge. c. A codicil is a document that changes a will in some way. d. Intestate is a person who died without a will.

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Performance reports for cost centers should compare actual versus budget ________ costs

A) controllable B) uncontrollable C) fixed D) variable

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