What should be the price of Bond Z, which has a face value of $1,000, matures 2 years from today, and pays an annual coupon of 10%? You may use the information in question 5 above.

Bond X is a zero-coupon bond maturing one year from today. Bond X has a face value of $1,000 and is currently selling at $952.38. Bond Y is selling at par and will mature two years from today. Bond Y pays an annual coupon and has a yield-to-maturity (YTM) of 6.93%. Calculate the yield to maturity (YTM) for Bond X.

Group of answer choices

5%