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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?

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  • 4.82%

  • 4.78%

  • 5.01%

  • 4.95%

  • 4.75%

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