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Consider the case of a two - year discount bond - that is , a bond that pays no coupon and pays its face value
Consider the case of a twoyear discount bondthat is a bond that pays no coupon and pays its face value after two years rather than one year. Suppose the face value of the bond is $ and the price is $ What is the bond's yield to maturity?
The bond's yield to maturity is Round your response to two decimal places.
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