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2. A zero-coupon bond with face value $1,000 and maturity of five years sells for $855.22. (Assume a semi-annual compounding.) What is its yield to
2. A zero-coupon bond with face value $1,000 and maturity of five years sells for $855.22. (Assume a semi-annual compounding.) What is its yield to maturity?
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
