Kizspy | Question: 12
(Choose 1 answer)
(18378) An investor purchased an NCD a year ago in the secondary market for $980,000. He redeems it today and receives $1,000,000. He also receives interest of $30,000. The investor's annualized yield on this investment is
A. 2.0 percent.
B. 5.10 percent.
C. 5.00 percent.
D. 2.04 percent.
