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A zero coupon bond offers $1,000 at the end of the 25th year. Which comes closest to the bonds yield to maturity if you buy
A zero coupon bond offers $1,000 at the end of the 25th year. Which comes closest to the bonds yield to maturity if you buy this bond for $92.30 and hold it till maturity?
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A. 6% B. 7% C. 8% D. 9% E. 10%
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