Question
What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $900, if it pays 8%
What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $900, if it pays 8% fixed interest for the duration of the bond? yield = [?] %
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
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