Question: What interest rate is implicit in a $1,000 par value zero-coupon bond that matures in 8 years if the current price is $520 Please specify

What interest rate is implicit in a $1,000 par value zero-coupon bond that matures in 8 years if the current price is $520 Please specify your answer in decimal terms and round your answer to the nearest thousandth (e.g., enter 12.3 percent as 0.123)

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