What Is the Yield-To-Maturity on a 15-Year, $1,000, Zero-Coupon Bond

question 17

Multiple Choice

What is the yield-to-maturity on a 15-year, $1,000, zero-coupon bond, selling for $375.39?

• A) 5.97%
• B) 5.60%
• C) 7.32%
• D) 6.75%

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