Debt security that has no coupon payments

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Reference no: EM13810259

You have just purchased a debt security that has no coupon payments and expires in eight years. The security has a face value of $800, currently sells for $524.98, and is compounded semi-annually. What is the yield to maturity?

a. 4.99%

b. 5.24%

c. 5.13%

d. 5.34%

Reference no: EM13810259

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