Business, 17.11.2020 05:20 alisonlebron15
What is the yield on a corporate bond with a $1000
face value purchased at a discount price of $925, if
it pays 6% fixed interest for the duration of the
bond?
yield = [ ? 1 %
Give your answer as a percent rounded to the nearest
hundredth
Hint: yield -
interest paid
price paid
Answers: 1
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What is the yield on a corporate bond with a $1000
face value purchased at a discount price of $925...
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