Assignment 11: Problem 5 Previous Problem Problem List Next Problem Carlos bought a $1000 bond paying interest at j2 = 6.4%, redeemable at par on September 4, 2037. The bond was vought by Carlos on November 19, 2018, at a quoted price of 168. What did Carlos pay for the bond? Answer: $ Assignment 11: Problem 10 Previous Problem Problem List Next Problem Determine the yield rate j2 using linear interpolation, by first finding an approximate yield using method of averages and then using the next lowest and highest whole percent in linear interpolation. (i.e. if using method of averages you find j2 = 5.27%, then use j2 = 5% and j2 = 6% for linear interpolation) Face Value Redemption at Bond Interest Years to Redemption Purchase Price 7000 102 j2 = 9.5% 7700 10 Answer: %