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A zero-coupon bond is currently selling for 71% of par. It has 8 years remaining to maturity. What is its YTM? Use semi-annual compounding in

A zero-coupon bond is currently selling for 71% of par. It has 8 years remaining to maturity. What is its YTM? Use semi-annual compounding in your calculations. Report your answer as an annualized rate in decimal format rounded to four decimal places. For example, if your answer is 9.53%, enter .0953.

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