Multiple Choice
The formula for the yield to maturity, i, on a discount bond is
A) i = (Face value - Discount price) /Discount price.
B) i = (Discount price - Face value) /Discount price.
C) i = (Face value - Discount price) /Face value.
D) i = (Discount price - Face value) /Face value.
Correct Answer:
Verified
Correct Answer:
Verified
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