A zero-coupon bond is currently selling for 70% of par. It has 11 years remaining to maturity. What is its YTM? Use semi-annual compounding in your calculations. Report your answer as an annualized rate in decimal format rounded to four decimal places. For example, if your answer is 9.53%, enter .0953.

Answer rating: 100% (QA)

To calculate the yield to maturity YTM of a zerocoupon bond we ... View the full answer