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Consider the leverage Unlimited Inc., zero coupon bonds 2016. The bonds were issued in 1998 for $100. Determine the yield to maturity (to the nearest...
Consider the leverage Unlimited Inc., zero coupon bonds 2016. The bonds were issued in 1998 for $100. Determine the yield to maturity (to the nearest 1/10 of 1 percent. If the bonds are purchased at the issue price in 1998 (Note: to avoid a fractional year holding period assume that the issue and maturit dates are at the midpoint-July 1-of the respective years)