9. For the following securities, implement the interval bisection method to produce a tabular analysis as in table 5.1, and determine how many steps are needed to assure six decimal place yield accuracy.

(a) A 7-year, 3.5% s.a. coupon bond with a price of 92.50 per 100 par.

(b) A 2% annual dividend perpetual preferred stock with a price of 87.25 per 100 par.

(c) A $1 million mortgage repayment loan, issued at 8% monthly, at a price of

$997,500.