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A zero-coupon bond issued by Great Dane Grinding Company has a current market value of $341.63. It will mature in 17 years at a face

  • A zero-coupon bond issued by Great Dane Grinding Company has a current market value of $341.63. It will mature in 17 years at a face (or par or maturity) value of $1,000. What is its yield to maturity?
  • A.7.494%
  • B.17.218%
  • C.20.096%
  • D.6.522%
  • E.11.336%

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