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What is the yield to maturity of each of these bonds

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Reference no: EM132956193

Question - Spruce Sprocket Enterprises issued zero-coupon bonds several years ago. Each bond has a current market value of $388.63, and will mature in 16 years at a face (or par or maturity) value of $1,000. What is the yield to maturity of each of these bonds?

A. 9.832%

B. 16.082%

C. 6.085%

D. 24.289%

E. 8.854%

Reference no: EM132956193

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