A bond has a face value of $20,000 and matures in 62 days. What is the bank discount yield if the bond is currently selling for $19,792.30?
A) 4.67 percent
B) 4.87 percent
C) 5.48 percent
D) 5.78 percent
E) 6.03 percent

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The Answer of A bond has a face value of $20,000 and matures in 62 days. What is the bank discount yield if the bond is currently selling for $19,792.30?
A) 4.67 percent
B) 4.87 percent
C) 5.48 percent
D) 5.78 percent
E) 6.03 percent

A Bond Has a Face Value of $20,000 and Matures