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The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of the face value): Maturity (years) Price (per $100 face value)
The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of the face value): Maturity (years) Price (per $100 face value) 1 $95.18 2 $90.77 3 $86.12 4 $81.37 5 $76.36 a. Compute the yield to maturity for each bond
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