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Pine Plating, Inc. issued zero-coupon bonds several years ago. Each bond has a current market value of $478.46, and will mature in 15 years at
Pine Plating, Inc. issued zero-coupon bonds several years ago. Each bond has a current market value of $478.46, and will mature in 15 years at a face (or par or maturity) value of $1,000. What is the yield to maturity of each of these bonds? A. 13.934% B. 7.267% C. 31.897% D.5.037% E. 11.000%
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