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The following is a list of prices for zero-coupon bonds with different maturities and par values of $1,000. Maturity (Years) Price 1 $ 925.15 2

The following is a list of prices for zero-coupon bonds with different maturities and par values of $1,000.

Maturity (Years) Price

1 $ 925.15

2 862.57

3 788.66

4 711.00

What is the yield to maturity on a 3-year zero-coupon bond?

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