A one-year premium bond with a face value of $10,000 has been purchased for $11,150. What is
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A one-year premium bond with a face value of
$10,000 has been purchased for $11,150. What is the yield to maturity? What is the yield on a discount basis? (See Chapters 3 and 12.)
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Financial Markets And Institution
ISBN: 9781292459547
10th Global Edition
Authors: Frederic Mishkin, Stanley Eakins
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