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Suppose Sam purchased an NCD a year ago on the secondary market for $992,000 and redeems it today upon maturity for $1,000,000 plus $40,000
Suppose Sam purchased an NCD a year ago on the secondary market for $992,000 and redeems it today upon maturity for $1,000,000 plus $40,000 in interest. The annualized yield on this NCD is: 4.45% 4.65% O 4.84% 4.89%
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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
