Question
There is a zero coupon bond that sells for $362.43 and has a par value of $1,000. If the bond has 19 years to maturity,
There is a zero coupon bond that sells for $362.43 and has a par value of $1,000. If the bond has 19 years to maturity, what is the yield to maturity? Assume semiannual compounding.
Multiple Choice
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5.49%
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5.23%
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5.41%
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5.28%
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5.20%
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
