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5 years ago
A one-year discount bond with a par value of $1,000 sold today, at issuance, for $943 has a yield to maturity of
A) 4.30%.
B) 5.70%.
C) 6.04%.
D) 9.43%.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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