If 10000the face value worth of these bonds are purchased


Question - A U.S Government bond matures in 10 years. its quoted price is now 96.4, which means the buyer will pay $96.40 per $100 of the bond's face value. the bond pays 5% interest on its face value each year. If $10000(the face value) worth of these bonds are purchased now, what is the yield to the investor who holds the bonds for 10 years?

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