Question: Part 2: Problem Solving Show all computations where necessary. Partial credit will only be given if work is shown. Solve the following problem using the

Part 2: Problem Solving

Show all computations where necessary. Partial credit will only be given if work is shown.

Solve the following problem using the formula.

1. Wells Fargo issued a 10 percent zero coupon bond with 10 years to maturity. What is the yield to maturity of this bond if it is sold at 111% of par? ( This problem should be done using the formula only, show all your work.

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