Question
A zero-coupon bond that is currently priced at $456, has a face value of $1,000, and matures in 10 years. What is the yield to
A zero-coupon bond that is currently priced at $456, has a face value of $1,000, and matures in 10 years. What is the yield to maturity of this bond? Round to the nearest hundredth percent. Do not include the percent sign in your answer.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
