Atlantis Fisheries issues zero coupon bonds on the market at a price of $604 per bond. Each bond has a face value of $1,000 payable at maturity in 8 years. What is the percentage yield to maturity for these bonds? Note: Corporate bonds pay semi-annual coupons.
Atlantis Fisheries issues zero coupon bonds on the market at a price
of $604 per bond. Each bond has a face value of $1,000 payable at maturity in 8 years. What is the percentage yield to maturity for these bonds? Note: Corporate bonds pay semi-annual coupons.
(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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