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You are given the following information about two annual- coupon bonds, each with a face and redemption value of $1,000 and each 3 years in

You are given the following information about two annual- coupon bonds, each with a face and redemption value of $1,000 and each 3 years in length:

- Bond A: A 3- year 6% annual coupon bond with a price of $955.57.

- Bond B: A 3- year 8% annual coupon bond with a price of $1,008.38.

Using this data, find the annual yield on a 3- year zero- coupon bond.

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