Consider the following yields to maturity on various one-yea…
Consider the following yields to maturity on various one-year, zero-coupon securities: Security Yield (%) Treasury 5.5 AAA Corporate 5.7 BBB Corporate 6.5 B Corporate 7.1 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 ________.