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A large corporation is trying to raise funds for a new business project. They plan to issue bonds, that make a payment to the investor

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A large corporation is trying to raise funds for a new business project. They plan to issue bonds, that make a payment to the investor of exactly $24,000, one year from today. If the corporation figures that they can auction the bonds off for $23,188.40 each, then what is the yield on these bonds? 0 2.75% 3.5% 4.1% 5%

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