Multiple Choice
Jessica paid $7,000 for a bond with a face value of $6,000.She will be paid $400 annually as long as she holds on to the bond,until the bond's maturity date.The yield on the bond is
A) 6.67 percent.
B) 5.71 percent.
C) 15.0 percent.
D) 80.0 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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