The yield to maturity for a one-year discount bond equals the increase in price over the year, divided by the
A) initial price.
B) face value.
C) interest rate.
D) coupon rate.
Answer: A
The yield to maturity for a one-year discount bond equals the increase in price over the year, divided by the
A) initial price.
B) face value.
C) interest rate.
D) coupon rate.
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