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#6 A bond has a face value of $50,000 and matures in 68 days. What is the bank discount yield if the bond is currently

A bond has a face value of $50,000 and matures in 68 days. What is the bank discount yield if the bond is currently selling for $48,990? Set your calculator to 6 decimal places.

		0.979 percent
		4.84 percent
		10.69 percent
		12.34 percent
		None of the above

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