If a bank charges an interest rate of 2.75% per quarter, what interest rate must the bank quote on this lending arrangement? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. Numeric Response A bond with 25 years to maturity currently sells for $808.25. If the bond pays a 4.5% coupon annually, what is this bond's YTM? Hint: The correct answer will round to .00 or .50. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. Numeric Response