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A zero-coupon bond costs $9700 now pays off $10,000 in 18 months. What is its annual yield to maturity? a. 1% b. 5% c. 2%
A zero-coupon bond costs $9700 now pays off $10,000 in 18 months. What is its annual yield to maturity? a. 1% b. 5% c. 2% d. 3%
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