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A bond that promises to pay $5,000 at the end of 12 months is selling for $4,695 today. What is its implied yield? Round your
A bond that promises to pay $5,000 at the end of 12 months is selling for $4,695 today. What is its implied yield? Round your answer to the nearest tenth of a percent.
a. 6.1%
b. 6.5%
c. 9.4%
d. 9.0%
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Options Futures And Other Derivatives
Authors: John C. Hull
4th Edition
0130224448, 9780130224446
