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29. The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value) 1 2 3 4 Maturity (years) Price
29. The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value) 1 2 3 4 Maturity (years) Price (per $100 face value) 5 78.35 94.52 89.68 85.40 81.65 The yield to maturity for the two year zero-coupon bond is closest to A) 5.5% B) 5.6% C 6.096 D) 5.8%
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