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A buyer bought a new home for $230,000. The lender agreed to loan the buyer $200,000 at 3% % interest with six point discount. What approximate yield will this provide the lender? a. 3.75% | b. 4.00% C 4.25% d. 4.50% I Correct Answer

A buyer bought a new home for $230,000. The lender agreed to loan the buyer $200,000 at 3% % interest with six point discount. What approximate yield will this provide the lender? a. 3.75% | b. 4.00% C 4.25% d. 4.50% I Correct Answer

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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+ ent will A buyer bought a new home for $230,000. The lender agreed to loan the buyer $200,000 at 3%% interest with six point discount. What approximate yield will this provide the lender? a. 3.75% | b. 4.00% C 4.25% d. 4.50% Correct Answer
Transcribed Image Text:+ ent will A buyer bought a new home for $230,000. The lender agreed to loan the buyer $200,000 at 3%% interest with six point discount. What approximate yield will this provide the lender? a. 3.75% | b. 4.00% C 4.25% d. 4.50% Correct Answer
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