Determine what is the yield to maturity

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Question 1: There is a zero coupon bond that sells for $404.23 and has a par value of $1,000. If the bond has 15 years to maturity, what is the yield to maturity? Assume semiannual compounding.

Option 1: 6.22%

Option 2: 6.13%

Option 3: 5.89%

Option 4: 5.93%

Option 5: 5.98%

Reference no: EM132469096

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