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What Is the Yield-To-Maturity on a 15-Year, $1,000, Zero-Coupon Bond

Question 17

Multiple Choice

What is the yield-to-maturity on a 15-year, $1,000, zero-coupon bond, selling for $375.39?

A) 5.97%
B) 5.60%
C) 7.32%
D) 6.75%

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