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A one-year, risk-free, zero-coupon bond with a $100,000 face value has an initial price of $96,618.36. Whats its yield-to-maturity? a) 3.5% b) 7.0% c) 1.07
A one-year, risk-free, zero-coupon bond with a $100,000 face value has an initial price of $96,618.36. Whats its yield-to-maturity? a) 3.5% b) 7.0% c) 1.07 d) 1.035
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