Question: What is the current yield on a zero coupon bond with a remaining life of 24 years, a yield to maturity of 6.3%, and a

What is the current yield on a zero coupon bond with a remaining life of 24 years, a yield to maturity of 6.3%, and a par value of $1000 ? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.) Answer: Compute the yield to maturity for a zero coupon bond with a maturity of 14 years and a face value of $1000. The bond is selling for $564.90. (Assume annual discounting.) (Round to 100th of a percent and enter as a percentage, 0.9.12.34% as 12.34 )

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