Question

There is a zero coupon bond that sells for $4,664.38 and has a par value of...

There is a zero coupon bond that sells for $4,664.38 and has a par value of $10,000. If the bond has 14 years to maturity, what is the yield to maturity? Assume semiannual compounding.

5.30%

5.34%

5.38%

5.60%

5.52%

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