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Your firm has issued 10-year zero-coupon bonds with a $1,000 par value. If the bonds are currently selling for $585, what is the annual yield

Your firm has issued 10-year zero-coupon bonds with a $1,000 par value. If the bonds are currently selling for $585, what is the annual yield to maturity, assuming annual compounding?

Multiple Choice

3.55%
0%
5.51%
7.09

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