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Question: 5 rocking house corp plans to issue sevenyear zero coupon...

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5. Rocking house Corp. plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $510.88. Assuming annual coupon payments, what is the yield to maturity on these bonds? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

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