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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 $770 and maturity
What is the yield to maturity (YTM) of a zero coupon bond with a face value of $1,000, current price of $770 and maturity of 4 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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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
