A zero coupon bond that matures in 10 years is priced at $75 ($1,000 par value). What is the annual bond equivalent yield to maturity?

Round to 3 decimal places.

All cash flows occur at the end of the period.

A bond's par value is S1,000 unless specified otherwise.

A bond's coupons are paid semi-annually unless specified otherwise.

All stated interest rates are annual unless specified otherwise.