You are given the following market data for zero-coupon bonds with a maturity payoff of $100. Maturity (years) Bond Price ($) Volatility in Year 1 1 94.34 N/A 2 88.50 10% A 2-period Black-Derman-Toy interest tree is calibrated using the data from above. Calculate rd, the effective annual rate in year 1 in the "down state. You are given the following market data for zero-coupon bonds with a maturity payoff of $100. Maturity (years) Bond Price ($) Volatility in Year 1 1 94.34 N/A 2 88.50 10% A 2-period Black-Derman-Toy interest tree is calibrated using the data from above. Calculate rd, the effective annual rate in year 1 in the "down state