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The following data contains prices of zero - coupon bonds on Friday, November 1 7 , 2 0 2 3 . The zero - coupon
The following data contains prices of zerocoupon bonds on Friday,
November The zerocoupon bonds have a par value of and do not pay periodic coupons. There are ten zerocoupon bonds in the data, one maturing every year between and The maturity date of all the bonds is November Hence, the time to maturity of the bonds is exactly one year for the first bond, two years for the second bond, and so on The bonds are issued by a sovereign government and there is no credit risk associated to the payments of these bonds.
Using this data, answer the following question. Maturity date Price of zero
What is the yield to maturity of the eightyear zerocoupon bond maturing on November
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