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Atlantis Fisheries issues zero coupon bonds on the market at a price of $462 per bond. Each bond has a face value of $1,000 payable at maturity in 12 years. What is the yield to maturity for these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Atlantis Fisheries issues zero coupon bonds on the market at a price of $462 per bond. Each bond has a face value of $1,000 payable at maturity in 12 years. What is the yield to maturity for these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter11: Notes, Bonds, And Leases
Section: Chapter Questions
Problem 17E
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Atlantis Fisheries issues zero coupon bonds on the market at a price of $462 per bond. Each bond has a face value of $1,000 payable at maturity in 12 years. What is the yield to maturity for these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) X Answer is complete but not entirely correct. Yield to maturity 6.65 X
Transcribed Image Text:Atlantis Fisheries issues zero coupon bonds on the market at a price of $462 per bond. Each bond has a face value of $1,000 payable at maturity in 12 years. What is the yield to maturity for these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) X Answer is complete but not entirely correct. Yield to maturity 6.65 X
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