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Steve Ballmer currently owns a Microsoft bond that matures in 21 years and pays no coupons. What is the YTM of this Microsoft bond if
Steve Ballmer currently owns a Microsoft bond that matures in 21 years and pays no coupons. What is the YTM of this Microsoft bond if it currently sells for $4,407.22 and has a par value of $10,000? Multiple Choice O 3.84% O 3.78% O 3.94% O O 3.98% O 3.81%
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