A bond has a dollar value of an 01 of .0634. What is the yield value of a 32^nd?

Question

Quizplus · Accepted Answer

The yield value of a bond is calculated as the inverse of its dollar value of an 01. 
Therefore, yield value = 1/0.0634 = 15.7604.
Since the bond in question has a peculiar name rather than a regular dollar bond, we can assume that it is a unique bond that doesn't follow typical conventions.
Thus, there isn't any direct way of computing the yield value. 
Hence, the best we can do is to choose the option whose yield value is closest to 15.7604.
Upon inspection, we notice that option C (0.4929) is the answer as it is the closest to 15.7604.

A Bond Has a Dollar Value of an 01 of .0634