(1 point) Consider a 2-year $5000 par value bond that pays semi-annual coupons at a rate of cl) = 4%. Suppose that the bond was purchased for $5004.49. (a) Use the method of averages to approximate the effective yield rate compounded semi-annually. State the result as a percent to 1 decimal place. v (2) % compounded semi-annually (b) Complete the chart below by performing 2 iterations of the bisection method to approximate the effective yield rate compounded semi-annually. [Note: For the initial interval [a(0), 6(0)] use the percentage result y(2) in part (a) as follows: a(0) = y(2) - 0.5 and b(0) = y(2) +0.5.] n a(n) (as a %) b(n) (as a %) c(n) (as a %) P(c(n))-5004.49 (6 decimals) 0 1 2 (c) Use the last line in the table above to find the bracket (a(3), b(3)] and the midpoint (3) to approximate the effective yield rate compounded semi- annually. State the final result as a percent to 4 decimal places. y(2) c(3) = % compounded semi-annually