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Atlantis Fisheries issues zero coupon bonds on the market at a price of $612 per bond. Each bond has a face value of $1,000
Atlantis Fisheries issues zero coupon bonds on the market at a price of $612 per bond. Each bond has a face value of $1,000 payable at maturity in 11 years. What is the yield to maturity for these bonds? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Answer is complete but not entirely correct. Yield to maturity 4.56%
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Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
