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What interest rate is implicit in a $1,000 par value zero-coupon bond that matures in 11 years if the current price is $440. Please specify
What interest rate is implicit in a $1,000 par value zero-coupon bond that matures in 11 years if the current price is $440. Please specify your answer in decimal terms and round your answer to the nearest thousandth (e.g., enter 12.3 percent as 0.123)
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