Biology Forums - Study Force

Maturity (years)

1

2

3

4

5

Price

$97.25

$94.53

$91.83

$89.23

$87.53

The above table shows the price per $100 face value of several risk-free, zero-coupon bonds. What is the yield to maturity of the three-year, zero-coupon, risk-free bond shown?

▸ 2.85%

▸ 2.88%

▸ 2.86%

▸ 2.83%

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