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will upvote, thanks!! For the following bond (described below) determine the YTM (as an EAR) after ONE round of linear interpolation. Make sure you use

will upvote, thanks!!
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For the following bond (described below) determine the YTM (as an EAR) after ONE round of linear interpolation. Make sure you use 4% and 11% (measured as an EAR), as your initial two guesses when you conduct the linear interpolation. Do not do a second round of linear interpolation. Do not report the (accurate) YTM - as obtained by Excel. Rather, report you estimate of the YTM (as an EAR) after one round of linear interpolation. The bond is: A 10-year, 5.3% semi-annual coupon bond with a face value of $1000. It's current price is $844. What is the YTM (as an EAR) after one round of linear interpolation? Enter your answer as a PERCENT, not as a decimal

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