Builtrite sold 18-year, $1000 par value, zero coupon bonds for $250, what was their yield. NO 5% 06% 8%

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 2EB: Waylan Sisters Inc. issued 3-year bonds with a par value of $100,000 and a 6% annual coupon when the...
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Builtrite sold 18-year, $1000 par value, zero coupon bonds for $250, what was their yield?
0.5%
06%
07%
8%
Transcribed Image Text:Builtrite sold 18-year, $1000 par value, zero coupon bonds for $250, what was their yield? 0.5% 06% 07% 8%
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