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A one-year zero coupon bond costs 9943 today exactly one

Bond Yield-to-Maturity

A one-year zero coupon bond costs $99.43 today. Exactly one year from today, it will pay $100.

What is the annual yield-to-maturity of the bond? (I.e., what is the discount rate one needs to use to get the price of the bond given the future cash flow of $100 in one year?)

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Business Economics: A one-year zero coupon bond costs 9943 today exactly one

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Business Economics: A one-year zero coupon bond costs 9943 today exactly one

Reference No:- TGS02664294

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