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A person buys a bond with a face value of $10,000 for $9,325. Each year until the maturity date the ...

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A person buys a bond with a face value of $10,000 for $9,325. Each year until the maturity date the ...

A person buys a bond with a face value of $10,000 for $9,325. Each year until the maturity date the bond buyer receives $750 from the issuer of the bond. The yield on the bond is

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8.04 percent.

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7.5 percent.

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10.0 percent.

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6.75 percent.

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Economics

Edition: 12^th

Author: Arnold

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