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Posted on Sep 07, 2024

Calculate the yield-to-maturity of a zero coupon bond that is trading at $974.00, matures in exactly 5 months and has a face value of $1,000.

Note: Enter your answer in percentage rounded to the nearest second digit after the decimal point. For example, if the calculated yield-to-maturity is 0.042761 or 4.2761%, enter it as: 4.28%.

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