Question: Builtrite currently has a $1000 par, 17 year maturity, zero coupon bond outstanding that is selling for $231. What is the bonds yield to maturity?

Builtrite currently has a $1000 par, 17 year maturity, zero coupon bond outstanding that is selling for $231. What is the bonds yield to maturity?

Group of answer choices

7%

5%

8%

9%

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