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Question 1 25 pts What is the yield on a semi-annual zero coupon bond with the following characteristics: Price = 798.2254 + Matures in 4 years Hint: Use the IRR function, and remember that all cells in the range the IRR uses cannot be empty. The answer is in the form of X.XXXX without the percent sign. Remember to treat the bond as semi-annual, so you must double the IRR result to make it annual. |