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What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $925, if it pays 6% fixed
What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $925, if it pays 6% fixed interest for the duration of the bond? yield =[?]% Give your answer as a percent rounded to the nearest hundredth. Hint: yield =( interest paid )/( price paid ) Enter
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