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There is a zero coupon bond that sells for $4,469,32 and has a par value of $10,000. If the bond has 22 years to maturity,
There is a zero coupon bond that sells for $4,469,32 and has a par value of $10,000. If the bond has 22 years to maturity, what is the yield to maturity? Assume semiannual compounding. Select one: a. 3.73% b. 3.55% c. 3.60% d. 3.69% e. 3.57%
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