Question: Consider a zero-coupon bond with $1,000 face value and 7 years to maturity. If the bond's price was 694, what would be this bond YTM?

Consider a zero-coupon bond with $1,000 face value and 7 years to maturity. If the bond's price was 694, what would be this bond YTM? NOTE: Submit your answers in percentage, if your answer is 0.0204, you must input 2.04. Do not use the "%" sign.

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