Mathematics, 15.12.2021 01:00, makenahbriana
What is the yield on a corporate bond with a $1000
face value purchased at a discount price of $875, if
it pays 8% fixed interest for the duration of the
bond?
yield = [?] %
-
Give your answer as a percent rounded to the nearest
hundredth.
Hint: yield = interest paid
price paid
Answers: 3
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What is the yield on a corporate bond with a $1000
face value purchased at a discount price of $87...
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