Question: Consider a zero-coupon bond with a $1,000 face value and 19 years to maturity. If the bond is traded at $280 today, its yield-to-maturity is

Consider a zero-coupon bond with a $1,000 face value and 19 years to maturity. If the bond is traded at $280 today, its yield-to-maturity is closest to (Provide your answer in percentage with two decimal places)

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