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Use the method of averages to find the approximate yield rate for the bond shown Bond Rate Payable Face Value Semi-annually Time Before Redemption $41,000

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Use the method of averages to find the approximate yield rate for the bond shown Bond Rate Payable Face Value Semi-annually Time Before Redemption $41,000 -8% 8 years 6 months > Redeemed At: Market Quotation par 94 125 The yield rate is 1% (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) ho Enter your answer in the answer box

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