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please answer in detail A $1000 bond paying interest at j2 = 12% matures on June 1, 2021. On October 10, 2004, it was purchased

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A $1000 bond paying interest at j2 = 12% matures on June 1, 2021. On October 10, 2004, it was purchased for $1042.50 plus accrued bond interest (i.e., q=104.25). On February 8, 2007, it was sold for $968.70 plus accrued bond interest (i.e., q = 96.87). Estimate the yield rate j2 by the method of averages. C

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