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8.3 Consider a three-year pure discount bond with a face value of $1,000. If its current price is $900, what is its annualized yield? Must

8.3 Consider a three-year pure discount bond with a face value of $1,000. If its current price is $900, what is its annualized yield?

Must show work/calculation using texas instrumental calculator.

Select one: a. 1.036% b. 1.111% c. 3.57% d. 5.41%

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