A ten-year, zero-coupon bond with a yield to maturity of 4% has a face value of $1000. An investor purchases the bond when it is initially traded, and then sells it four years later

What is the rate of return of this investment, assuming the yield to maturity does not change?
A) 3.20%
B) 2.40%
C) 4.00%
D) 2.00%

Answer: C

Business

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River Rafting Adventures of Iowa provides rafts and tour guides to tourists eager to ride the wild rivers of Iowa. Management has determined that there is one chance in a thousand of a client being injured or killed. Settlement of resulting lawsuits has an average cost of $650,000. Insurance with a $50,000 deductible is available. It covers the costs of lawsuits, unless there is evidence of criminal negligence. What is the impact of this risk without insurance?

A) $50,000 B) $650,000 C) $650 D) $50

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Another name for on-the-job training is

A. Videoconferencing B. Internet classroom method C. Case studies D. Role playing E. Learning by doing

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