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Steve Ballmer currently owns a Microsoft bond that matures in 17 years and pays no coupons. What is the YTM of this Microsoft bond if
Steve Ballmer currently owns a Microsoft bond that matures in 17 years and pays no coupons. What is the YTM of this Microsoft bond if it currently sells for $4,357.54 and has a par value of $10,000?
Multiple Choice
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4.82%
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4.78%
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5.01%
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4.95%
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4.75%
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