Consider a Zero-Coupon Bond with a $1000 Face Value and 15

question 81

Multiple Choice

Consider a zero-coupon bond with a $1000 face value and 15 years left until maturity. If the bond is currently trading for $431, then the yield to maturity on this bond is closest to ________.

• A) 2.89%
• B) 56.90%
• C) 43.10%
• D) 5.77%

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