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The following table gives the prices of Treasury bonds: Bond Principal ($) Time to Maturity (yrs) Annual Coupon ($)* Bond Price ($) 100 0.5 0.0

The following table gives the prices of Treasury bonds: Bond Principal ($) Time to Maturity (yrs) Annual Coupon ($)* Bond Price ($) 100 0.5 0.0 98 100 1.0 0.0 98 100 1.5 6.2 101 100 2.0 8.0 104 *Half the stated coupon is paid every six months Calculate the 1-year zero rate. Enter your answer rounded to four decimal places, skip the % sign. For example, if your calculation results in 0.1234567 %, you only need to enter 0.1235

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