Multiple Choice
Consider a zero-coupon bond with a $1000 face value and 15 years left until maturity. If the bond is currently trading for $431, then the yield to maturity on this bond is closest to ________.
A) 2.89%
B) 56.90%
C) 43.10%
D) 5.77%
Correct Answer:
Verified
Correct Answer:
Verified
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