Question: Builtrite currently has a $1000 par, 9 year maturity, zero coupon bond outstanding that is selling for $645. What is the bonds yield to maturity?

Builtrite currently has a $1000 par, 9 year maturity, zero coupon bond outstanding that is selling for $645. What is the bonds yield to maturity?

3%

4%

5%

6%

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