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A zero-coupon bond has a $1,000 par value, 8 years to maturity, and sells for $575.07. What is its yield to maturity? Assume annual compounding.

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A zero-coupon bond has a $1,000 par value, 8 years to maturity, and sells for \$575.07. What is its yield to maturity? Assume annual compounding. Record your answer to the nearest 0.01% (no \% symbol). E.g., if your answer is 3.455%, record it as 3.46

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