25. The following is a price quote of a bond issued by KTT Corp. on 11/2/2018: Price Coupon(%) Maturity YTM (%) Current Yield (%) _______________________________________________________ 103.75 5.25 June 15, 2034 4.98 5.060 What is the price of a unit of this bond?

Select one:

a. $1,000

b. $1,037.5

c. $1,052.5

d. Information is not available in the price quote.

26. Refer to question 25, What is the YTM (yield-to-maturity) of the bond?

Select one:

a. It is the market/effective interest rate of the bond.

b. It is the stated interest divided by the current price of the bond.

c. It is the coupon/stated interest rate.

d. none of the above.