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JKL Co. issues zero coupon bonds on the market at a price of $364 per bond. Each bond has a face value of $1,000 payable
JKL Co. issues zero coupon bonds on the market at a price of $364 per bond. Each bond has a face value of $1,000 payable at maturity in 14 years. What is the yield to maturity for these bonds (in percent)? Answer to two decimals.Assume 1,000 par value and semi annual compounding
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