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Assume a zero-coupon bond that sells for $978 and will mature in 5 years at $1,650. Use Arpendix B for an approximate answer but calculate

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Assume a zero-coupon bond that sells for $978 and will mature in 5 years at $1,650. Use Arpendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. What is the effective yield to maturity? (Assume annual compounding. Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective yield to maturity 9

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