Question: A bond with no expiration date has a face value of $ 1 1 , 0 0 0 and pays a fixed annual interest payment

A bond with no expiration date has a face value of $11,000 and pays a fixed annual interest payment of $1,000. The bond's annual interest yield approximately equals:
Multiple Choice
11.9 percent
11.1 percent
9.9 percent
9.1 percent
A bond with no expiration date has a face value of

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