Question: Consider a zero - coupon bond with a $ 1 comma 0 0 0 $ 1 , 0 0 0 face value and 1 5

Consider a zero-coupon bond with a
$ 1 comma 000$1,000
face value and
1515
years left until maturity. If the bond is currently trading for
$ 495$495,
then the yield to maturity on this bond is closest to________.

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