What is the yield to maturity (YTM) on a simple loan for $1,000 that requires a repayment of $3,000 in five years' time? The yield to maturity is %. (Round your response to one decimal place.)
What is the yield to maturity (YTM) on a simple loan for $1,000 that requires a repayment of $3,000 in five years' time? The yield to maturity is %. (Round your response to one decimal place.)
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 14P
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The yield to maturity is%. (Round your response to one decimal place.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F351e7c31-0ccc-4b09-87c7-3e40315071c7%2F75fac753-e71c-4087-8d71-4a2f377d6ce9%2F8rq1xo7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the yield to maturity (YTM) on a simple loan for $1,000 that requires a repayment of $3,000 in five years' time?
The yield to maturity is%. (Round your response to one decimal place.)
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