heather612 heather612
  • 10-10-2022
  • Mathematics
contestada

What is the yield on a corporate bond with a $1000
face value purchased at a discount price of $950, 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

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