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Suppose a three-year zero-coupon bond with face value $100 is trading at $77. The corresponding YTM for this bond is ___. Instruction: Type your answer
Suppose a three-year zero-coupon bond with face value $100 is trading at $77. The corresponding YTM for this bond is ___.
Instruction: Type your answer as a decimal, and round to two places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number .01, not 0.0106465, 0.0106, nor 1.06%. Otherwise, Blackboard will treat it as a wrong answer.
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