Problem 3. Bond Yield-to-Maturity A one-year zero coupon bond costs $99.43 today. Exactly one year from today, it will pay $100 . What is the annual

Problem 3. Bond Yield-to-Maturity

A one-year zero coupon bond costs $99.43

 today. Exactly one year from today, it will pay $100

.

What is the annual yield-to-maturity of the bond? (I.e., what is the discount rate one needs to use to get the price of the bond given the future cash flow of $100

 in one year?)