Question: A $5,000 face value bond is quoted at a bank discount yield of 3.6 percent. What is the current value of the bond if it

A $5,000 face value bond is quoted at a bank discount

A $5,000 face value bond is quoted at a bank discount yield of 3.6 percent. What is the current value of the bond if it matures in 88 days? $4,924 $4,945 $4,972 $4,956 $4,988

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