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yield of the bond

Carol Chastain purchases a one-year discount bond with a face value of $1,000 for $862.07. What is the yield of the bond?

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Carol Chastain purchases a one-year discount bond with a face value of $1,000 for $862.07. What is the yield of the bond Kindly see the excel file also:

Yield of the bond will be ...

Solution Summary

What is the yield of the bond in this case?

$2.19