Consider the case of a two-year discount bond-that is-, Financial Management

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Consider the case of a two-year discount bond-that is-

Consider the case of a two-year discount bond-that is, a bond that pays no coupon and pays its face value after two years rather than one year. Suppose the face value of the bond is $1,000, and the price is $870. What is the bond's yield to maturity?

(In this case, provide a numerical answer rather than just writing the appropriate equation.)

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Financial Management: Consider the case of a two-year discount bond-that is-

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Financial Management: Consider the case of a two-year discount bond-that is-

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