Compute the yield to maturity for a zero coupon bond with a maturity of 9 years and a face value of $1000. The bond is selling for $684.29. (Assume annual discounting.) (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
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Chapter6: Fixed-income Securities: Characteristics And Valuation
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Compute the yield to maturity for a zero coupon bond with a maturity of 9 years and a face value of $1000. The bond is selling for $684.29. (Assume annual discounting.) (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34)

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