You observe the following spot interest rates in the market: Year Spot Rate 1 r1 = 8% 2 r2 = 6% 3 r3 = 7% 4 14 = 5% Currently, there is a 5-year bond in the market with an annual coupon of 9%. The bond trades at 95.8785% and will mature in exactly five years time. Calculate the 5-year spot interest rate. Write your answer in decimal form with up to four decimal points; for instance if your answer is 7.45% you should write: 0.0745