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You buy a 5-year zero coupon bond for $600 today. Two years from now, the yield to maturity is 8% and you sell the bond.
You buy a 5-year zero coupon bond for $600 today. Two years from now, the yield to maturity is 8% and you sell the bond. Answer the following. What is yield to maturity today?
a. none of the above
b. 1.11%
c. 10.76%
d. 8.00%
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