[Solved] Pharoah Corp. plans to issue 7 year zero

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Pharoah Corp. plans to issue 7 year zero coupon bonds. It has learned that these bonds will sell today at a price of $445.06. Assuming

Pharoah Corp. plans to issue 7 year zero coupon bonds. It has learned that these bonds will sell today at a price of $445.06. Assuming annual payments, what is the yield to maturity on these bonds? Assume face value is $1000.00

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