A zero coupon bond was issued with a face value of $1000 and sold for $712. If the bond is for 5 years, what is the yield to maturity? show your work

a) 3%

b) 4%

c) 5%

d) 6%

e) 7%

A zero coupon bond was issued with a face value of $1000 and sold for $712. If the bond is for 5 years, what is the yield to maturity? a) 3% b) 4% c) 5% d) 6% e) 7%