Problem 10-8 Yield to Maturity (LO1, CFA5) Atlantis Fisheries issues zero coupon bonds on the market at a price of $400 per bond. Each bond has a face value of $1,000 payable at maturity in 16 years. What is the yield to maturity for these bonds? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Yield to maturity %

Atlantis Fisheries Issues zero coupon bonds on the market at a price of $400 per bond. Each bond has a face value of $1,000 payable at maturity in 16 years. What is the yield to maturity for these bonds? Note: Do not round intermediate calculations. Enter your onswer as a percent rounded to 2 decimal places