What is implied market-determined semiannual discount rate

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Reference no: EM132816184

Question - A zero-coupon, $1,000-par-value bond is currently selling for $312 and matures in exactly 10 years.

Required -

a. What is the implied market-determined semiannual discount rate on this bond?

b. Using your answer to Part (a), what is the bond's

(i) (Nominal annual) yield to maturity?

(ii) (Effective annual) yield to maturity?

Reference no: EM132816184

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