Question
K 3.5 O Points: 0 of 1 Save Consider the case of a two-year discount bond-that is, a bond that pays no coupon and
K 3.5 O Points: 0 of 1 Save Consider the case of a two-year discount bond-that is, a bond that pays no coupon and pays its face value after two years rather than one year. Suppose the face value of the bond is $1,000, and the price is $860. What is the bond's yield to maturity? The bond's yield to maturity is % (Round your response to two decimal places.)
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
