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( 7 pts ) The Rose Company has a Triple A bond with 1 2 years until maturity. The bond has a face value of

(7 pts) The Rose Company has a Triple A bond with 12 years until maturity. The bond has a face value of $1,000 and carries a coupon rate of 4%. Assume semi-annual interest. Approximately what is today's bond market interest rate (YTM)(to the nearest tenth of a % by interpolation) today if the current bond price is $1,075? Use the method discussed in class - assume the YTM, bracket and interpolate.
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