A 6% 5-year bond was issued at $918.89.The face value and yield to maturity for the bond are:
$$\begin{array} { | c | c | c | }
\hline & \begin{array} { c }
\text { Face } \
\text { value }
\end{array} & \begin{array} { c }
\text { Yield to } \
\text { maturity }
\end{array} \
\hline \text { a. } & \mathbf { \$ 9 1 8 . 8 9 } & \text { greater than 6\%. } \
\hline \text { b. } & \mathbf { \$ 9 1 8 . 8 9 } & \text { less than } 6 \% . \
\hline \text { c. } & \$ 1,000.00 & \text { greater than 6\%. } \
\hline \text { d. } & \$ 1,000.00 & \text { less than } 6 \% . \
\hline
\end{array}$$

Question

A 6% 5-year bond was issued at $918.89.The face value and yield to maturity for the bond are:
$$\begin{array} { | c | c | c | } 
\hline & \begin{array} { c } 
\text { Face } \
\text { value }
\end{array} & \begin{array} { c } 
\text { Yield to } \
\text { maturity }
\end{array} \
\hline \text { a. } & \mathbf { \$ 9 1 8 . 8 9 } & \text { greater than 6\%. } \
\hline \text { b. } & \mathbf { \$ 9 1 8 . 8 9 } & \text { less than } 6 \% . \
\hline \text { c. } & \$ 1,000.00 & \text { greater than 6\%. } \
\hline \text { d. } & \$ 1,000.00 & \text { less than } 6 \% . \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of A 6% 5-year bond was issued at $918.89.The face value and yield to maturity for the bond are:
$$\begin{array} { | c | c | c | } 
\hline & \begin{array} { c } 
\text { Face } \
\text { value }
\end{array} & \begin{array} { c } 
\text { Yield to } \
\text { maturity }
\end{array} \
\hline \text { a. } & \mathbf { \$ 9 1 8 . 8 9 } & \text { greater than 6\%. } \
\hline \text { b. } & \mathbf { \$ 9 1 8 . 8 9 } & \text { less than } 6 \% . \
\hline \text { c. } & \$ 1,000.00 & \text { greater than 6\%. } \
\hline \text { d. } & \$ 1,000.00 & \text { less than } 6 \% . \
\hline
\end{array}$$

A 6% 5-Year Bond Was Issued at $918