Given the observed yields below, what is the six-month spot rate, six months from now for a bond maturing in 1 year? 6-month par yield = 1.0% 1-year par yield = 1.5% (both are annualized) Solve using the standard bond value formula: PV = C1/(1+y1)1 + C2/(1+y2)2 + ... + Cp/(1+yn)" Hint: Assume a current price of 100 and the coupon rate is equal to the 1-year yield. Use 6 decimals of precision as you work through the problem. Enter your answer in percent format with 4 decimals