A 16-year Zero Coupon Bond with redemption value of $100 is priced at $53.0633. Algebraically find the yield to maturity. Your answer must be stated as a per annum rate compounded semiannually. Your final answer should be correct to 2 places after the decimal point. You may not use The Salesman’s Rule.  Calculate The yield to maturity per annum compounded semiannually

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To algebraically find the yield to maturity YTM of a bond we need to solve for the interest rate ... View the full answer