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Laura Hall is planning to buy 10-year zero coupon bonds issued by the U.S. treasury, if these bonds have a face value of $1,000 and
Laura Hall is planning to buy 10-year zero coupon bonds issued by the U.S. treasury, if these bonds have a face value of $1,000 and are currently selling at $404.57, what is the effective annual yield? Assume that interest compounds semiannually on a similar coupon paying bonds. (Round intermediate calculations to 5 decimal places, eg. 1.25145 and final answer to 2 decimal places)
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