Question: If a $10,000 face value discount bond maturing in one year is selling for $9,000, then its yield to maturity is approximately Select one: a.
If a $10,000 face value discount bond maturing in one year is selling for $9,000, then its yield to maturity is approximately
Select one: a. 9 percent.
b. 10 percent.
c. 11 percent.
d. 12 percent.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
