A $40,000 face value bond matures in 64 days and has a bank discount yield of 4.5 percent.What is the current value of the bond?
A)$39,392.19
B)$39,473.14
C)$39,486.47
D)$39,575.39
E)$39,680.00

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The Answer of A $40,000 face value bond matures in 64 days and has a bank discount yield of 4.5 percent.What is the current value of the bond?
A)$39,392.19
B)$39,473.14
C)$39,486.47
D)$39,575.39
E)$39,680.00

A $40,000 Face Value Bond Matures in 64 Days and Has