What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $950, if it pays 7% fixed interest for the duration of the bond? yield = [ ? ] % Give your answer as a...

Help please

Extracted text: What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $950, if it pays 7% fixed interest for the duration of the bond? yield = [ ? ] % Give your answer as a percent rounded to the nearest hundredth. Hint: yield = interest paid price paid Enter o03 - 2021 Acellus Corporation. All Rights Reserved.