Multiple Choice
Suppose you purchased a $1000 par-value bond in 2004 for $650.Its stated interest rate is 6 percent and it matures in 2014.What is your yield?
A) 6.1 percent
B) 7.2 percent
C) 10.4 percent
D) 9.2 percent
E) 8.4 percent
Correct Answer:
Verified
Correct Answer:
Verified
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