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A Bond Has a Face Value of $30,000 and Matures

Question 70

Multiple Choice

A bond has a face value of $30,000 and matures in 62 days. What is the bank discount yield if the bond is currently selling for $29,750?

A) 4.67%
B) 4.84%
C) 5.48%
D) 5.78%
E) 6.03%

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