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If possible do calculation or answer in excel. Thanks ! Use the method of averages to find the approximate yield rate for the bond shown

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If possible do calculation or answer in excel. Thanks !

Use the method of averages to find the approximate yield rate for the bond shown in the table below. The bond is to be redeemed at par. Bond Rate Time Before Market Face Value Payable Maturity Quotation Semi-annually $2000 7% 9 years 97.25 The yield rate is 1% (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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