Which of the following $1,000 face-value securities has the lowest yield to maturity?
A) a 5 percent coupon bond selling for $1,000
B) a 10 percent coupon bond selling for $1,000
C) a 15 percent coupon bond selling for $1,000
D) a 15 percent coupon bond selling for $900
A
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The figure above shows ________ relationship between the two variables
A) a positive B) a negative C) no D) an inverse
In the table above, the marginal product of the third unit of labor is ________ units of output
A) 3 B) 4 C) 12 D) 16
The larger the number of firms in an industry
A) the more intense the rivalry among firms. B) the larger the potential number of market segments. C) the easier it is to implicitly collude to fix prices. D) the greater the need for a price enforcement mechanism.
The theory of purchasing power parity
A) extends the law of one price to a group of goods. B) assumes that most changes in nominal exchange rates are the result of changes in real exchange rates. C) assumes that inflation rates are roughly the same in most countries. D) was valid only under the gold standard.