What is the annual implied interest of a five-year zero-coupon bond (using the semiannual pricing convention) with

Question:

What is the annual implied interest of a five-year zero-coupon bond (using the semiannual pricing convention) with a current yield of 12% and a par value of $1,000.00?

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...