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QUESTION 13 A firm issues zero-coupon bonds with a face value of $1,000 and time to maturity of 3 months. The bonds are currently trading

QUESTION 13 A firm issues zero-coupon bonds with a face value of $1,000 and time to maturity of 3 months. The bonds are currently trading at $647.2. What is the annual yield on this bond? Answer in percent, rounded to two decimal places

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