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Consider the following $1,000-par-value, 4-year, zero-coupon bond. It is selling at $535.52 . By convention, zero bonds are assumed to pay $0 semi-annually. The yield

Consider the following $1,000-par-value, 4-year, zero-coupon bond. It is selling at $535.52 . By convention, zero bonds are assumed to pay $0 semi-annually. The yield to maturity on the bond is

		a. 10.71%.
		b. 11.00%.
		c. None of the options are correct.
		d. 11.66%.
		e. 16.24%

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