What is yield to maturity for these bonds

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Reference no: EM131336183

Atlantis Fisheries issues zero coupon bonds on the market at a price of $507 per bond. Each bond has a face value of $1,000 payable at maturity in 15 years. What is the yield to maturity for these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM131336183

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