Atlantis fisheries issues zero coupon bonds on the market, Financial Management

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Atlantis fisheries issues zero coupon bonds on the market

Atlantis Fisheries issues zero coupon bonds on the market at a price of $469 per bond. Each bond has a face value of $1,000 payable at maturity in 10 years. What is the yield to maturity for these bonds? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

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Financial Management: Atlantis fisheries issues zero coupon bonds on the market

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Financial Management: Atlantis fisheries issues zero coupon bonds on the market

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