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You are a financial advisor at a fast-growing wealth

You are a financial advisor at a fast-growing wealth management firm. One of your clients is considering investing in a zero-coupon bond with a face value of $1,000 and 10 years left until maturity. The trading desk informs you that the bond is currently trading at $459. Based on this information, you tell your client that the yield to maturity on this bond is closest to?

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Business Management: You are a financial advisor at a fast-growing wealth

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