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There is a zero coupon bond that sells for $ 4 , 5 5 0 . 9 0 and has a par value of $

There is a zero coupon bond that sells for $

4, 550.90

and has a par value of $

10, 000 .

If the bond has

18

years to maturity, what is the yield to maturity? Assume semiannual compounding.

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