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What is the yield to maturity (YTM) of a zero coupon bond with a face value of $1,000, current price of $820 and maturity of
What is the yield to maturity (YTM) of a zero coupon bond with a face value of $1,000, current price of $820 and maturity of 9.0 years? Recall that the compounding interval is 6 months and the YTM, like all interest rates, is reported on an annualized basis. (Allow two decimals in the percentage but do not enter the % sign.)
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