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A zero-coupon bond costs $9876 now pays off $10,000 in 14 months. What is its annual yield to maturity? a. 1.1% b. 1.2% c. -0.1%

A zero-coupon bond costs $9876 now pays off $10,000 in 14 months. What is its annual yield to maturity?

1.1%

1.2%

-0.1%

0.1%

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