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There is a zero coupon bond that sells for $4,494.16 and has a par value of $10,000. If the bond has 20 years to maturity,

There is a zero coupon bond that sells for $4,494.16 and has a par value of $10,000. If the bond has 20 years to maturity, what is the yield to maturity? Assume semiannual compounding.

a. 3.94%

b. 4.04%

c. 3.90%

d. 4.08%

e.3.88%

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