Question: Problem 5-16 Calculating Interest Rate (LO2) A zero-coupon bond that will pay $1,000 in 10 years is selling today for $508.35. What interest rate does

Problem 5-16 Calculating Interest Rate (LO2) A zero-coupon bond that will pay $1,000 in 10 years is selling today for $508.35. What interest rate does the bond offer? (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Interest rate %

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