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(1 point) Determine the yield rate j12 using linear Interpolation, by first finding an approximate yield using method of averages and then using the next

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(1 point) Determine the yield rate j12 using linear Interpolation, by first finding an approximate yield using method of averages and then using the next lowest and highest whole percent in linear interpolation (i.e. if using method of averages you find ja = 5.27%, then use j2 = 5% and j2 = 6% for linear interpolation) Face Value Redemption at Bond Interest Years to Redemption Purchase Price 1000 99 112 = 11% 14 1070 Answer: 1 %

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