Question: Problem 5 - 1 6 Calculating Interest Rate ( LO 2 ) A zero - coupon bond that will pay $ 1 , 0 0

Problem 5-16 Calculating Interest Rate (LO2)
A zero-coupon bond that will pay $1,000 in 9 years is selling today for $460.43. What interest rate does the bond offer? (Do not round intermediate calculations. Round your onswer to the nearest whole percent.)
Interest rate
6
Problem 5-16 Calculating Interest Rate (LO2) A zero-coupon bond that will

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