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Nancy Jackson is planning to buy 1 0 - year zero coupon bonds issued by the U . S . Treasury. If these bonds have

Nancy Jackson 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 $410.54, what is the effective annual yield? Assume that interest compounds semiannually on similar coupon paying bonds. (Round intermediate calculations to 5 decimal places, e.g.1.25145 and final answer to 2 decimal places, e.g.15.25%.) Effective Annual Yield

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