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Determine the YTM ( expressed as an effective annual rate ) for the following discount bond ( i . e . the bond does not

Determine the YTM

(

expressed as an effective annual rate

)

for the following discount bond

(

.

.

the bond does not pay any coupons

)

Face Value: $

1, 000

Current Price: $

532.94

Years to Maturity:

30

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