Ford Motor Credit Company just launched a new issue on November 20, 2014: $250 million of zero coupon bonds (par...

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Ford Motor Credit Company just launched a new issue on November 20, 2014: $250 million of zero coupon bonds (par value $1,000), which mature on November 20, 2024. Calculate the yield-to maturity if an investor purchased one of these bonds on the issuing date at a price of $645.

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