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There is a zero coupon bond that sells for $351.98 and has a par value of $1,000. If the bond has 20 years to maturity,
There is a zero coupon bond that sells for $351.98 and has a par value of $1,000. If the bond has 20 years to maturity, what is the yield to maturity? Assume semiannual compounding.
5.29%
5.11%
5.36%
5.16%
5.08%
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