Exhibit 38-1

-Refer to Exhibit 38-1.The yield on bond A is approximately

Name: Exhibit 38-1 -Refer to Exhibit 38-1.The yield on bond A is approximately
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Question

Exhibit 38-1
 
-Refer to Exhibit 38-1.The yield on bond A is approximately

Quizplus · Accepted Answer

The yield on a bond is the annual interest payment divided by the bond's price. In this case, the annual interest payment is $100 and the bond's price is $1,000. Therefore, the yield is $100/$1,000 = 10%.

Exhibit 38-1 -Refer to Exhibit 38-1.The Yield on Bond a Is Approximately