Question: 9. A firm issues zero-coupon bonds with a face value of $1,000 and time to maturity of 11 years. The bonds are currently trading at

9. A firm issues zero-coupon bonds with a face value of $1,000 and time to maturity of 11 years. The bonds are currently trading at $764.9. What is the yield on this bond? Answer in percent, rounded to two decimal places. (e.g., 5.67%=5.67)

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