This paper circulates around the core theme of FINANCE 400 — Assume a zero-coupon bond that sells for $272 will mature together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 59. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Assume a zero-coupon bond that sells for $272 will mature in 15 years at $1,300. 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.)