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What would yield-to-maturity (YTM) be on a 15-year, zero-coupon interest (quarterly compounding), $1,000 par value bond that is currently trading at $867.89? A. 3.14%. B.

What would yield-to-maturity (YTM) be on a 15-year, zero-coupon interest (quarterly compounding), $1,000 par value bond that is currently trading at $867.89?

A. 3.14%. B. 7.15%. C. 12.56%. D. 14.54%.

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