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Consider the following yields to maturity on various one-year zero coupon securities Security Treasury AAA Corporate BBB Corporate B Corporate Yield (%) 35 3.7 4.5

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Consider the following yields to maturity on various one-year zero coupon securities Security Treasury AAA Corporate BBB Corporate B Corporate Yield (%) 35 3.7 4.5 5.1 The price (expressed as a percentage of the face value) of a one-year, zero-coupon, corporate bond with a BBB rating is closest to O A. 114.3 B. 76 56 C. 95.69 OD. 133.97

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