A 4-year discount bond selling for $15,000 with a face value of $20,000 has a yield...

A 4-year discount bond selling for $15,000 with a face value of $20,000 has a yield to maturity of

A) 25 percent.

B) 7.5 percent.

C) 8.3 percent.

D) 33.3 percent.

How is B the answer, would like to know how to do this using financial calculator.

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Expert Solution

jeff jeffy answered 2 years ago

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