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Today is 15 May 2020, Sue just purchased a Treasury bond with a coupon rate of jz = 3.2% p.a. and a face value of

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Today is 15 May 2020, Sue just purchased a Treasury bond with a coupon rate of jz = 3.2% p.a. and a face value of $100 tha matures at par. The purchase price was $98.800. The maturity date of this bond is 15 May 2022 b) Use linear interpolation to calculate the yield rate. Give your answer in je form. rounded to 3 decimal places. Hint: 1.65% per half year and 19% per half year are the lower bound and the upper bound for the linear interpolation Select one: a. 3.550% b. 3.664% C 1.91494 d. 3.829%

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