A person buys a bond with a face value of $10,000 for $9,780. Each year until the maturity date the bond buyer receives $650 from the issuer of the bond. The yield on the bond is
A) 6.6 percent.
B) 6.5 percent.
C) 10.0 percent.
D) 6.75 percent.
E) There is not enough information to answer the question.
Correct Answer:
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