The interest rate of a bond is equal to the
A) difference between the face value and the initial price all divided by the face value.
B) difference between the face value and the initial price.
C) difference between the face value and the initial price all divided by the initial price.
D) sum of the face value and the initial price all divided by the face value.
E) sum of the face value and the initial price all divided by the initial price.
Correct Answer:
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