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Please help within 30 minutes! Builtrite currently has a $1000 par, 18 year maturity, zero coupon bond outstanding that is selling for $416. What is
Please help within 30 minutes!
Builtrite currently has a $1000 par, 18 year maturity, zero coupon bond outstanding that is selling for $416. What is the bonds yield to maturity?
A. 3%
B. 4%
C. 5%
D. 6%
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