A discount bond has a face value of $10,000 and promises repayment at the end of 15 years and has a market price of $3541. What is its effective yield?
The question belongs to Finance and it discusses about calculation of effective yield of a discount bond with a face value of $10000.
Total Word Count 89
If you are here for the first time, you can request for a discount coupon, which can knock off upto 20% of the quoted price on any service.