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34) A zero-coupon bond with a 15-year maturity and a face value of $1,000 is sold at $123. What is the bond's yield to maturity?

34) A zero-coupon bond with a 15-year maturity and a face value of $1,000 is sold at $123. What is the bond's yield to maturity?

A. about 15%

B. about 18%

C. about 25%

D. about 26%

E. about 27%

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