12. A one-year discount bond with a face value of was purchased for . What is the...

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12. A one-year discount bond with a face value of was purchased for . 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 Institutions

ISBN: 9780134519265

9th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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