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What is the yield to maturity on the zero coupon bond

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Reference no: EM132996250

Question - What is the yield to maturity on the zero coupon bond that has a face amount (or par value) of $1,000 and the current market price for the bond is $878? The bond matures in 4 years.

Show your answer as a %, and round your answer to three percentage decimals, e.g. 10.234%. Exclude writing the % sign in the answer box. e.g. write 10.234% as 10.234 in the answer box.

Reference no: EM132996250

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