A 5-year zero-coupon bond is issued at P 74.73 with a face value of P 100. Compute the yield to maturity of the bond.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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A 5-year zero-coupon bond is issued at P 74.73 with a face value of P 100. Compute the yield
to maturity of the bond.
Transcribed Image Text:A 5-year zero-coupon bond is issued at P 74.73 with a face value of P 100. Compute the yield to maturity of the bond.
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