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Your firm has issued 15-year-zero-coupon bonds with a $1,000 face value. If the bonds are currently selling for $585, what is the annual yield to
Your firm has issued 15-year-zero-coupon bonds with a $1,000 face value. If the bonds are currently selling for $585, what is the annual yield to maturity, assuming semiannual compunding?
a) 2.77% b) 3.61% c) 3.68% d) this question cannot be ansswered b/c there is no coupon payment provided
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