A zero-coupon with a par value of $1,000 is currently trading at $400 with 12 years to maturity. Assuming semi-annual compounding, what is the yield

A zero-coupon with a par value of $1,000 is currently trading at $400 with 12 years to maturity. Assuming semi-annual compounding, what is the yield to maturity on the bond? HINT: Remember zero coupon bonds means no payments and if you are using a financial calculator, PV has to be entered as a negative number.

A.7.78%

B.7.00%

C.10.00%

D.10.22%