FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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What is the yield on a corporate bond with a $1000
face value purchased at a discount price of $875, if
it pays 6% 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
Enter
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Transcribed Image Text:What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $875, if it pays 6% 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 Enter
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