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(Bonds) A zero-coupon bond has a $1,000 par value, 10 years to maturity, and sells for $590.71. What is its yield to maturity? Assume annual

(Bonds) A zero-coupon bond has a $1,000 par value, 10 years to maturity, and sells for $590.71. What is its yield to maturity? Assume annual compounding. Record your answer to the nearest 0.01% (no % symbol). E.g., if your answer is 3.455%, record it as 3.46. Blank 1. Calculate the answer by read surrounding text.

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