(Answered) Assume a zero-coupon bond that sells for 270 will mature in

Finance

Assume a zero-coupon bond that sells for $270 will mature in 25 years at $1,850. 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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