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A zero-coupon bond with a par value of $1,000 has a current market value of $597. If the bond has 6 years to maturtiy, what
A zero-coupon bond with a par value of $1,000 has a current market value of $597. If the bond has 6 years to maturtiy, what is its current yield?
7.01%
| 6.37% |
| 6.94% |
| 6.60% |
| 0.00% |
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
