Question: Suppose a three-year zero-coupon bond with face value $100 is trading at $86. The corresponding YTM for this bond is Instruction: Type your answer as

Suppose a three-year zero-coupon bond with face value $100 is trading at $86. The corresponding YTM for this bond is Instruction: Type your answer as a decimal, and round to two places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number .01 , not 0.0106465,0.0106, nor 1.06%. Otherwise, Blackboard will treat it as a wrong
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