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1. Linus wants to invest in a zero-coupon bond with a face value of $1,000. If the bond matures in 10 years and the price
1. Linus wants to invest in a zero-coupon bond with a face value of $1,000. If the bond matures in 10 years and the price of the bond is $710.00, what is the yield to maturity on this bond?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
