Question: You just bought a strip bond with a face value of $ 1 , 0 0 0 and 3 years to maturity. You paid $

You just bought a strip bond with a face value of $1,000 and 3 years to maturity. You paid $928.60. What is the yield on the bond?
Express your answer in percentage form.
6%
You just bought a strip bond with a face value of

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