If a bond pays $50 annually and is priced at $1,000, what is its annual yield?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 14MC
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If a bond pays $50 annually and is priced at $1,000, what is its annual yield? 

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