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What is the annual yield-to-maturity of the bond

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Reference no: EM131175256

A one-year zero coupon bond costs $99.43 today. Exactly one year from today, it will pay $100.

What is the annual yield-to-maturity of the bond? (I.e., what is the discount rate one needs to use to get the price of the bond given the future cash flow of $100 in one year?)

*Make sure to input all percentage answers as numeric values without symbols, and use four decimal places of precision. For example, if the answer is 6%, then enter 0.0600.

Reference no: EM131175256

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