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Consider the following $1,000 par-value zero-coupon bonds: Bond Years to maturity Price A 1 $923.74 B 2 811.62 C 3 720.78 D 4 635.52 What
Consider the following $1,000 par-value zero-coupon bonds:
| Bond | Years to maturity | Price |
| A | 1 | $923.74 |
| B | 2 | 811.62 |
| C | 3 | 720.78 |
| D | 4 | 635.52 |
What has to be the coupon rate (%) of a one-year bond sold at par?
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