Atlantis Fisheries issues zero coupon bonds on the market at a price of $612 per bond. Each bond has a face value of $1,000 payable at maturity in 11 years. What is the yield to maturity for these bonds? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Yield to maturity %

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Atlantis Fisheries issues zero coupon bonds on the market at a price of $612 per bond. Each bond has a face value of $1,000 payable
at maturity in 11 years. What is the yield to maturity for these bonds?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Yield to maturity
%
Transcribed Image Text:Atlantis Fisheries issues zero coupon bonds on the market at a price of $612 per bond. Each bond has a face value of $1,000 payable at maturity in 11 years. What is the yield to maturity for these bonds? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Yield to maturity %
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