Question: Please Help!! Nathan bought a zero coupon bond for $485.19. The bond matures in 10 years when he will receive the par value of $1,000.
Please Help!!
Nathan bought a zero coupon bond for $485.19. The bond matures in 10 years when he will receive the par value of $1,000. What is the bond's yield to maturity? (Hint: use semi-annual compounding to find the YTM)
3.68%.
20.6%.
8.37%.
7.36%.
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