Question: What is the current yield on a zero coupon bond with a remaining life of 5 years, a yield to maturity of 12.4%, and a

What is the current yield on a zero coupon bond with a remaining life of 5 years, a yield to maturity of 12.4%, 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.)

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