Question: Calculate the yield to maturity ( YTM or i ) for a discount bond with a current price ( i . e . Present Value

Calculate the yield to maturity (YTM or i) for a discount bond with a current price (i.e. Present Value) of 897,5 years to maturity, and the face value is $1000. Express your answer as a %, rounded to the nearest one decimal place (i.e.0.0324 would be 3.2%).

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