12. A One-year discount bond with a face value Of was purchased for S900. What is the...

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12. A One-year discount bond with a face value Of was purchased for S900. What is the yield to maturity? What is the yield on a discount basis?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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