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There is a zero coupon bond that sells for $404.23 and has a par value of...

There is a zero coupon bond that sells for $404.23 and has a par value of $1,000. If the bond has 15 years to maturity, what is the yield to maturity? Assume semiannual compounding.

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Answer #2

The formulas and the inputs used is as follows:

The result is as follows:

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