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A zero-coupon bond that matures in 10 years is currently selling for $368.45 per $1,000 par value. What is the promised yield on this bond?
A zero-coupon bond that matures in 10 years is currently selling for $368.45 per $1,000 par value. What is the promised yield on this bond? The promised yield is %. (Round to two decimal places.)
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