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There is a zero coupon bond that sells for $431.96 and has a par value of $1,000. If the bond has 17 years to maturity,
There is a zero coupon bond that sells for $431.96 and has a par value of $1,000. If the bond has 17 years to maturity, what is the yield to maturity? Assume semiannual compounding. Multiple Choice 4.83% 5.00% 5.06% 4.80% 4.87%
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