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Zero coupon bonds: Rockinghouse Ltd plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of

Zero coupon bonds: Rockinghouse Ltd plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $541.10. Assuming a face value of $1,000 and annual compounding, the yield to maturity on these bonds is: _______________%.

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