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Blossom Corp. management plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $444.16. Assuming
Blossom Corp. management plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $444.16. Assuming annual coupon payments, what is the yield to maturity on these bonds? Assume face value is $1,000. (Round answer to 3 decimal places, e.g. 15.251\%.) Yield to maturity %
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