A firm issues zero-coupon bonds with a face value of $1,000 and time to maturity of 16 years. The bonds are currently trading at $746. What is the yield on this bond? Answer in percent, rounded to two...

#14.

Extracted text: A firm issues zero-coupon bonds with a face value of $1,000 and time to maturity of 16 years. The bonds are currently trading at $746. What is the yield on this bond? Answer in percent, rounded to two decimal places. (e.g., 5.67%=5.67) A Moving to another question will save this response. «< question="" 14="" of="">