Multiple Choice
A bond with no expiration date has a face value of $10,000 and pays a fixed 10 percent interest. If the market price of the bond rises to $11,000, the annual yield approximately equals
A) 11 percent.
B) 10 percent.
C) 9 percent.
D) 8 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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