Suppose that you have a zero-coupon bond currently trading
Suppose that you have a Zero-Coupon bond currently trading for $985, the bond has a face value of $1,000, and a time to maturity of 76 days (out of a 365 days year). What is the bond's yield-to-maturity?
a. 6.63%
b. 6.99%
c. 7.52%
d. 7.85%
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