Calculation of effective yield of a discount bond

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Problem:

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?

Summary of problem:

The question belongs to Finance and it discusses about calculation of effective yield of a discount bond with a face value of $10000.

Reference no: EM13827501

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