Problem $2-14($LG $2-7)$

Based on economists' forecasts and analysis, one$-$year to be as follows:

$1^{R_1}=5\mathrm{.}65\%$

$E(2^r{r}_1)=6\mathrm{.}75\%,L_2=0\mathrm{.}05\%$

$E(3r_1)=6\mathrm{.}85\%,L_3=0\mathrm{.}10\%$

$E{(}_4{r}_1)=7\mathrm{.}15\%,L_4=0\mathrm{.}12\%$

Calculate the yield to maturity for four years. $($Round you

$\backslash$table$[[,$Yield To Maturity$],[$Year $1,\%$