A zero coupon bond with a face value of $$1,000$ is issued with an initial price of $$450.$ The bond matures in $10$ years. What is the implicit annual interest rate on the bond? US$.$ Treasury Bills mentioned in the text book are an example.

Multiple Choice

$6\mathrm{.}31\%$

$8\mathrm{.}31\%$

$9\mathrm{.}31\%$

$1031\%$

$731\%$