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A Zero Coupon Bond with a $1,000 Par Value (Future

Question 75

Multiple Choice

A zero coupon bond with a $1,000 par value (future value) is selling for $356 and matures in 12 years.What is the implied discount rate (yield to maturity) ?


A) 9%
B) 9.36%
C) 9.12%
D) 9.4%

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