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Sarah Allen 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

image text in transcribed Sarah Allen 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 $404.56, 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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