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Assume a zero-coupon bond that sells for $412 and will mature in 15 at $2250. Use Appendix B
for an approximate answer but calculate your final answer using the formula and financial
calculator methods. What is the effective yield to maturity?(Assume annual Compounding. do not
round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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  • 1. Assume a zero-coupon bond that sells for $412 and will mature in 15 at $2250. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. What is the effective yield to maturity?(Assume annual Compounding. do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)