The federal government. A government bond issued in Germany has a coupon rate of 5 percent, a face value of 100 euros, and matures in five years. The bond pays annual interest payments. Calculate the price of the bond (in euros) if the yield to maturity is 3.5 percent.
Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to: A. $25,645.