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Consider a 5-year pure discount bond with a face value of $1,000. If the current price of the bond is $780, what is the annualized yield of this pure...

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Consider a 5-year pure discount bond with a face value of $1,000. If the current price of the bond is $780, what is the annualized yield of this pure discount bond? a. 3.57% b. 5.09% c. 14.33% d. 28.20% e. none of the above
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