Question: What interest rate is implicit in a $1,000 par value zero-coupon bond that matures in 5 years if the current price is $430. Please specify

What interest rate is implicit in a $1,000 par value zero-coupon bond that matures in 5 years if the current price is $430. 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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