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use this pls Use the method of averages to find the approximate yield rate for the bond shown in the table bolow. The bond is

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Use the method of averages to find the approximate yield rate for the bond shown in the table bolow. The bond is to be redeemed at par Face Value Bond Rate Payable Semi-annually Time Before Maturity $6,000 5 years The yield rate is (Round the first answer to two decimal places as needed Round all intermediate values to six decimal places as needed) Market Quotation 102.75 According to the method of averages, the approximate yield rate is found using the formulas shown below. Approximate Value of i= Average Income per Interest Payment Interval Average Book Value 1 Average Book Value = 2 (Quoted Price + Redemption Price) Total Interest Payments - Premium + Discount Average Income per Interest Payment Interval Number of Interest Payment Intervals OK

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