Question
There is a zero coupon bond that sells for $4,394.80 and has a par value of $10,000. If the bond has 20 years to maturity,
There is a zero coupon bond that sells for $4,394.80 and has a par value of $10,000. If the bond has 20 years to maturity, what is the yield to maturity? Assume semiannual compounding.
Multiple Choice
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4.20%
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4.01%
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4.15%
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4.05%
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3.99%
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Financial And Managerial Accounting
Authors: Nonso E Okpala
1st Edition
1634873904, 9781634873901
