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lemn8 lemn8
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6 years ago
Suppose you purchased a $1000 par-value bond in 2003 for $650. Its stated interest rate is 6 percent and it matured in 2013. What was your yield?
A) 7.2 percent
B) 9.2 percent
C) 6.1 percent
D) 10.4 percent
E) 8.4 percent
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Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
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